Monthly Telephone Briefing

BCG offers its members monthly Telephone Briefings on legal and regulatory matters. Also, you have the option to listen to audio presentations of meetings archived for up to 12 months after their original presentation dates. This benefit is called, “Listen While You Work.” You simply select a topic, minimize the screen, and listen to a streaming audio presentation while you work at your desk.

Please feel free to sign up annually, register for the next scheduled BCG Monthly Telephone Briefing or download an archived Handout below.

Current BCG Monthly Telephone Briefing Topic(s)

Friday, October 19, 2018
12:00 - 1:30 p.m.

Overdraft Protection Practices Update

On September 12, 2018, the Office of the Comptroller of the Currency (OCC) issued an updated version of its “Deposit-Related Credit” booklet which replaces the March 2015 version. In the updated booklet, the OCC provides general guidance on the risks associated with overdraft protection programs and incorporates the prohibition in the Dodd-Frank Reform Act of 2010 against unfair, deceptive or abusive acts or practices. The booklet applies to examinations of all national banks and federal savings associations engaged in deposit-related credit.

Our discussion will not only explore the OCC’s updates to its booklet, but also will provide a general overview of the law and agency guidance relevant to overdraft practices. We will cover the following topics:

• Regulation E overdraft (opt-in) rules

• Regulation DD overdraft disclosure rules

• Federal and state UDAP/UDAAP statutes and litigation

• Disclosures related to transaction processing order

Download Handout Here!