1. Overdraft Regulations: Complacency Is Not an Option

Overdraft Regulations: Complacency Is Not an Option

Event ID: 73480
Not for Sale
Recording: 16238
Duration: Scheduled for 90 minutes including question and answer period.
Presenter: Ken Agle, president, AdvisX
Credits: 1.5 NASBA (Management Services)


Overdraft Regulations: Complacency Is Not an Option

Overdrafts are always a hot button in the regulatory world even as we enter a period of relative calm. They remain a central focus of regulators because they are a product near the top of consumer angst both directly and indirectly. Political tides come and go, but principles remain. Even before Kraninger replaced Mulvaney at the CFPB there has been a clear softening of the mandates regarding overdrafts by the Bureau as well as most issues. But, while there is clear evidence that the current administration may be more flexible on overdraft regulation, taking the position that all is well regarding overdrafts and moving on to other compliance elements would be a Pollyanna action. Overdrafts will remain a central focus for regulatory agencies because the facts remain they are a source of revenue for many financial institutions and therefore a source of aggravation for consumers. Spend a few minutes on the CFPB's complaint database and this fact will be affirmed.

This session will focus on the CFPB database related to consumer complaints and apply those to enhance understanding of overdraft regulations and those that often impact institutions related to overdrafts such as UDAAP. Please join Kenneth Agle, president of AdvisX, for a 90-minute webinar as he provides a comprehensive foundational understanding on overdrafts, the trends of complaints involving overdrafts, the current regulatory guidance and thoughts on what may lie ahead.


Just a sampling of what this webinar will cover:

  • The CFPB's complaint database and how it can give insights into regulations such as overdrafts.
  • Ensuring Reg. E compliance – because it does matter.
  • Why the surveys on overdrafts still matter?
  • What are regulator’s main concerns regarding overdrafts and how to address them?
  • How should you best position your financial institution regardless of CFPB’s course of action?
  • Why 2020 isn’t that far away and why overdrafts may be an issue that affects the election.

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