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Overdraft and Related Fees: What Should We Do?

Overdrafts are certainly a topic we've heard a lot about lately. Are they outlawed? (Hint: No). Should we consider eliminating them? (Hint: No, but be careful). Even though there is no regulation on them per se, we do see some institutions eliminating overdraft fees (and NSF fee as well) entirely. It is important to understand exactly what is at issue and how to manage your program.

Upcoming
Wednesday, March 5th, 2025
10:00 am - 12:00 pm
Presented by Carl Pry
2.5 CRCM Credits
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Deposit
  • Deposit Compliance
  • Lending
  • Lending Compliance
  • Bank Secrecy Act Officer/BSA Specialist
  • Compliance Officer
  • Deposit Operations Manager/Specialist
  • Risk Manager
  • Senior Management
  • Training Manager
  • Trainer

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Are overdrafts something every institution should consider? Not necessarily, but in this session, we'll discuss the various types of overdraft programs out there, as well as the many statements and guidance from regulatory agencies over the past few years.

We’ll also talk about risk management, particularly around consumer protection and UDAP/UDAAP. We’ll discuss some best practices to ensure your program is doing exactly what you expect it to be doing, and how to handle the many risks that come with this timely topic.

What You'll Learn

  • Should we eliminate overdraft (and/or NSF) fees?
  • Coverage under Reg. Z?
  • Discussions in Congress and at the regulatory agencies
  • Overdraft reform from the OCC, CFPB, and others
  • Overdrafts as UDAP/UDAAP? Considerations and factors
  • Are overdraft and NSF fees “junk fees?”
  • Authorized Positive, Settle Negative (APSN) issues
  • Differences between overdraft and NSF
  • Different types of overdraft programs and their risks
  • Compliance risks of overdrafts according to various regulations
  • Historical guidance and risk factors
  • Metrics to consider
  • Making the right decisions for your institution

Who Should Attend

The program is ideal for compliance professionals and officers, auditors, risk managers, and anyone else in the institution responsible for making important risk decisions around overdraft programs.

Carl Pry

Instructor Bio

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Asurity Advisors in Washington, DC. Through his more than 30-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves as the Chair of the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Continuing Education Credit Information

Overdraft and Related Fees: What Should We Do? has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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