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Today is: June 20, 2021  
 
 

  

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.

 

BCG Monthly Telephone Briefing Schedule 2021
Jan Feb Mar April May June July Aug Sept Oct Nov Dec
15 19 19 16 21 18 16 20 17 15 19 17

 

Current BCG Monthly Telephone Briefing Topic(s)

 

  

 

Friday, June 18, 2021
12:00 - 1:30 p.m.

Overdraft Protection Practices Update (June 2021)

Overdraft services offer unique compliance challenges for financial institutions. Over the past decade, overdraft protection (ODP) programs have been the subject of increased regulatory scrutiny. Examinations focus on not only “technical compliance” with applicable regulations, but also on whether any aspect of an institution’s ODP program has features that may be characterized as unfair, deceptive or even abusive. Furthermore, the risk of class litigation in the context of institutional ODP practices is ever-present.

Given the financial hardships experienced by many consumers during the pandemic and the new presidential administration’s more consumer-protective supervisory approach, it is critical that institutions evaluate whether their ODP programs are currently operating consistent with regulatory expectations.

Our discussion of this Handout will provide an overview of overdraft-related laws, regulations and guidance, and we will also discuss recent regulatory developments and case law updates.

Please join us for this important Telephone Briefing at noon on Friday, June 18. Download Handout Here!

 

 

 
 
 
 
 
 

 

 

 

 

 

 

 

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