AVOID THE PERILS OF INADEQUATE, UNDOCUMENTED OVERDRAFT POLICIES AND PROCEDURES
Categories:
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 ...
Tags:
- Balance
- CFPB
- Cheryl Lawson
- compliant
- Congress
- Consistent
- Consumer FInancial Protection Bureau
- cost
- Demand Letters
- Disclosed
- disclosures
- Dodd-Frank Act
- financial institutions
- lawsuits
- Model consent form
- Negative Settlement
- opt in
- opt out
- Overdraft
- policies
- Policy
- Positive Swipe
- Procedures
- Program
- Reg E
- regulators
- review
- UDAAP
COVID-19 IMPACT & TRENDS UPDATE ON OVERDRAFT SERVICES
Categories:
OVERDRAFT SERVICES TRENDS UPDATE: THE IMPACT OF COVID-19 AND HOW TO PLAN FOR RECOVERY In an effort to gain a better understanding of the impact ...
Does Your Overdraft Program Treat Account Holders Like People … or Data Points?
Categories:
Imagine you drive 15 miles to work every morning, to a job that demands you be on time, every time. You have two freeway options: ...
A Spring-cleaning Checklist for Your Overdraft Program
Categories:
Spring is here, and with the coronavirus pandemic in full force, this season will present many serious challenges that we never could have expected. In ...
Are You Prepared for Success in a New Decade?
Categories:
Consumer-focused and performance-driven overdraft strategies set the course for improved outcomes As the New Year begins, we’re headed into a new decade that promises opportunities ...
Embrace change for 2020 to experience greater outcomes
Categories:
3 steps to increasing outreach and improving performance A quick peek into what lies ahead for credit unions in 2020 reveals some formidable challenges, but ...
Is Your Overdraft Partner Proactive or Reactive?
Categories:
We schedule routine inspections for our cars. We protect our homes against unforeseen events. We visit the doctor and dentist regularly for checkups. And we ...
HAS YOUR OVERDRAFT PROGRAM EVOLVED TO STAY RELEVANT?
Categories:
By Ron Jennings, Executive Vice President Amazon did it when they went from shipping books and CDs to offering digital devices, downloads and home automation. Netflix ...
ARE YOUR DIGITAL DISCLOSURES GETTING THROUGH?
Categories:
Growing consumer interest in digital banking services—combined with the necessity to modify normal in-person operations during the past 12 months—has caused a major change in ...