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Webinar – Overdraft Overhaul: Insights into the CFPB’s Game-Changing Proposal

Join ADVANTAGE on Feb 21 at 3 pm for an in-depth discussion on the CFPB’s proposed rule “Overdraft Lending: Very Large Financial Institutions” and how it may impact your financial institution. 

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.

Register today to stay ahead and address potential shifts in the overdraft landscape.

Key Takeaways:

• Explore the contributing factors leading up to the bureau taking such a strong position
• Gain clarity on how this proposal may impact credit unions
• Learn actionable steps you can take to evaluate your overdraft strategy proactively

PRESENTER:
Cheryl Lawson serves as ADVANTAGE’s principal liaison for regulatory requirements of overdraft services, including consumer protection issues and strategies to enhance safety and soundness.

ADVANTAGE is a preferred provider for overdraft consulting, focused on communication, transparency, and improving outcomes for credit unions with a written 100% compliance guaranteed overdraft service. They can help you deliver measurable results with proven solutions.

For more information on ADVANTAGE, powered by JMFA, contact Frank Taddeo at ftaddeo@mddccua.org

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