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Product ID: 397553EAU
 
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Overdraft Protection: Reg. E Opt-in Requirements, Agency Guidance and Other Developments, and Litigation Trends

OnDemand Webinar (94 minutes)

Overdraft practices have been the subject of numerous lawsuits and regulatory agency administrative enforcement actions.

Financial institutions large and small are under continuing and increasing scrutiny of their overdraft policies and practices. Overdraft practices have been the subject of numerous lawsuits and regulatory agency administrative enforcement actions. And, the CFPB has signaled the likelihood of additional regulatory action regarding overdraft practices. This topic helps the person responsible for a financial institution's overdraft practices understand the Regulation E requirements that apply to ATM and one-time debit transactions, understand regulatory agency guidance for sound overdraft programs, understand overdraft practices that have resulted in litigation or administrative enforcement actions, and develop overdraft practices that help to mitigate the risk of compliance violations or litigation.

Authors

Karl Leslie, Wolters Kluwer Financial Services Kurt Stertz, Wolters Kluwer Financial Services

Agenda

Regulation E Opt-in Requirement for One-Time Debit and ATM Transactions

• Basic Rule

• Prohibitions

• Notice

• Duration and Revocation

• Special UDAAP Considerations

Regulatory Agency Developments

• Agency Guidance

• CFPB 2013 White Paper

• CFPB 2014 Report

• CFPB Current Developments

• Administrative Actions

Litigation Trends

• Discussion of Cases

• Common Themes