On-Demand Webinar
Overdraft Overhaul: Insights into the CFPB’s Game-Changing Proposal
Learn more about the proposed rule and how it may impact community financial institutions in this recorded webinar.
About the Webinar:
Recorded February 21, 2024
On Jan 17, the Consumer Financial Protection Bureau (CFPB) published its proposed Rule, Overdraft Lending: Very Large Financial Institutions. While the proposed rule currently exempts financial institutions under $10B in assets, it may potentially reshape overdraft practices for all community banks and credit unions. The CFPB has indicated that it will monitor the market response for all overdraft programs and is prepared to include community financial institutions.
Key Takeaways:
- Contributing factors leading up to the bureau taking such a strong position
- Clarity on how this proposal may impact community financial institutions
- Actionable steps you can take to evaluate your overdraft strategy proactively
Presenter:
- Cheryl Lawson, EVP of Compliance Review, ADVANTAGE, powered by JMFA
Please contact us if you have any questions about the webinar or to learn more about creating a proactive overdraft strategy.