AVOID THE PERILS OF INADEQUATE, UNDOCUMENTED OVERDRAFT POLICIES AND PROCEDURES
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TARGETED REVIEW OF PROGRAM DISCLOSURES AND PROCEDURES PREVENTS COMPLIANCE AND LEGAL RISKS The Consumer Financial Protection Bureau (CFPB) has reversed course on its January 2020 policy ...
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KEEP YOUR REGULATORY GUARD UP
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REDUCE POTENTIAL OVERDRAFT COMPLIANCE AND LEGAL RISKS COVID-19 will continue to impact the way banks and credit unions conduct business—for months, if not years to ...
COVID-19 BEST PRACTICES FOR OVERDRAFT SERVICES
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SHARPEN YOUR FOCUS TO MAINTAIN COMPLIANCE AMID PANDEMIC DISTRACTIONS Given the mounting economic challenges facing many consumers since the coronavirus pandemic began, financial institutions have ...
Compliance Corner: When Doing the Right Thing is Also the Easiest Thing
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“Doing the right thing” has become synonymous with “doing the hard thing.” After all, eating healthy, saving money and exercising regularly are all things that ...
Avoid Legal Risk with Transparency and Full Disclosure
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Three precautions to mitigate risk of overdraft/nsf fee demand letters Legal scrutiny for community banks and credit unions has picked up recently with an increase in ...
NO-TRICKS OVERDRAFT STRATEGY
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FIVE WAYS TO TREAT YOUR ACCOUNT HOLDERS WITH FINANCIAL PEACE OF MIND After living through the financial upheavals and a general sense of uncertainty over ...
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