2024 Overdraft Proposal

In case you missed it, the CFPB issued a Proposal back in January regarding overdrafts. The proposal is just one piece of the CFPB’s overarching goal of eliminating junk fees within the financial industry. The proposal seeks to impose limits on what covered financial institutions can charge for an overdraft as well as require certain loan-type disclosures, under Regulation Z, for “covered overdraft credit”. While this is just a proposal and technically only applicable to larger financial institutions, it will still have some impact on financial institutions not covered. During the webinar, we will be discussing this proposal, as well as the CFPB’s Proposal on Non-Sufficient Funds Fees and much more!

Listen as Jerod explains the “why” behind the overdraft proposal:


 Deposit Operations Training

Published
2024/07/19

 
Jerod Moyer

Jerod Moyer

Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!

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2024 Overdraft Proposal
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