Dates of Event & Pricing

$295 for Webinar and Playback*

*Playback has no expiration.

  • Monday, December 11, 2023

  • 2:00 – 3:00 pm (Eastern Time)

  • 1:00 – 2:00 pm (Central Time)

  • 12:00 – 1:00 pm (Mountain Time)

  • 11:00 – 12:00 pm (Pacific Time)

Curriculum

On January 26, 2022, the CFPB published a new initiative seeking feedback from the public on “junk fees,” which included NSF and overdraft fees. Congress and regulators continue to focus on fee oversight and regulation. 

In the past year, multiple financial institutions have placed an emphasis on eliminating or reducing overdraft fees.  This webinar will review this latest CFPB announcement and discuss how financial institutions are working to mitigate these risks and reviewing past years of possible violations of assessing fees.

 Topics include: 

  • CFPB NSF and Overdraft Fees Initiative
  • Purpose of Initiative 
  • Disclosures
  • Risks to Financial Institutions
  • Best business practices for mitigating risks


Who Should Attend? 

  • Deposit Operations/Electronic Banking
  • Client Facing Teams 
  • BSA and Fraud 
  • Treasury Sales and Operations 
  • Compliance Officers 
  • Internal Audit 
  • Information Security/Technology 
  • Senior Management
  • Payments Professionals (May submit AAP/AAPR Continuing Education Credits

Instructor

Secura Risk Management / Founder Terri Sands

Throughout her career, Terri has served as a leader in the payments and fraud prevention industry, providing education, risk management and compliance consulting and support services geared toward the specific needs of financial organizations. Terri is an Advanced Certified Anti-Money Laundering Specialist, an At-Risk Adult Crime Specialist and an Accredited ACH Professional. Prior to founding Secura, Terri served as co-founder of Payments Information Circle (PIC), a service organization providing payments industry education, auditing, consulting, resources, and support services to financial organizations throughout the country. Prior to her work at PIC, Terri also served as the President of GACHA, a non-profit, regional payments association where she provided strategic direction for financial institutions in the payments industry. Terri began her career in payments as a Senior Analyst with the Federal Reserve Bank of Atlanta where she provided training throughout the Sixth District and served on the Federal Reserve ACH Conversion Team that consolidated ACH Services for all branch locations in the Sixth District.

Associate - Troutman Pepper Carlin McCrory

Carlin McCrory is a regulatory, compliance, and payments attorney with experience representing financial institutions, fintechs, lenders, debt collectors, payment processors, neobanks, virtual currency companies, and mortgage servicers. Carlin has experience advising clients on matters related to the Equal Credit Opportunity Act (ECOA), Home Mortgage Disclosure Act (HMDA), Truth in Lending Act (TILA), Fair Credit Reporting Act (FCRA), Military Lending Act (MLA), Servicemembers Civil Relief Act (SCRA), the Electronic Signatures in Global and National Commerce Act (E-SIGN), and Bank Security Act (BSA). Her Electronic Fund Transfers Act (EFTA) experience includes advising on liability of consumers for unauthorized transfers, initial account disclosures, change in terms notices, ATM disclosures, error resolution procedures, and overdraft and non-sufficient funds (NSF) requirements and disclosures. Carlin has significant experience providing advice on NSF and overdraft fee compliance and reviews policies, procedures, and documents consumers are required to receive under EFTA.

Credits

1.0 CPE Credits & 1.2 AAP Credits