Is the spotlight on overdraft programs eroding your confidence in your bank’s overdraft strategy?

RECORDED December 5, 2022

Proposed legislation and headlines typically characterize all overdraft services and fees as deceptive, unfair, predatory, or even the cause of an individual’s financial freefall. While some financial institutions may have operated in this manner, many others—particularly community banks—provided and continue to provide a valuable service characterized by transparency, fairness, and consumer empowerment.

In this session, JMFA’s EVP of Compliance Review, Cheryl Lawson, shares useful insights on the recent topics making news headlines:

• Continuous elements proposed by lawmakers to impose changes to regulations on overdraft programs and why previous attempts have failed
• Recent FDIC and CFPB guidance on unanticipated overdraft fees (re-presentment and Positive Authorization/Negative Settlement fees)
• How proper disclosure can mitigate risk
• The future of overdrafts and regulator expectations
• Market shifts by financial institutions to revitalize the image of their overdraft solution

Learn more in this informative webinar presented by JMFA, a marketing partner for Community Bancservice Corporation, Inc.