The New Overdraft Rules: Will Your Bank Be Compliant? 
ABA Telephone Briefing*

July 1, 2010 is the mandatory effective date for compliance with the new overdraft rules. What do you need to know to ensure your bank will be compliant? This telephone briefing will provide you with a comprehensive review and analysis of the Federal Reserve Board's recent amendments to Regulation E that require banks provide consumers with an opt-in opportunity for overdraft protection on ATM and one-time debit card transactions.

During this recording of the two-hour, live telephone briefing held on January 21, our panel of industry leaders identified important choices your institution should consider as you revise your overdraft program. They reviewed the new overdraft requirements in detail and provide you with insights to help you effectively manage your bank's compliance with this new rule. In addition, our panelists examined issues that may need further clarification by the Board and how these rules could be affected by the overdraft legislation that is currently pending in Congress. Register today and get your questions answered by industry leaders!

Program Date Audio CD Now Available
Per CD Fees** $255 ABA/Service Member
$385 Non-Member
Registration Not Applicable
Audio CD Order Online   (PDF)
Credits

The recording of this program has been approved for 2.5 CRCM, 2.5 CBT, 2.5 CCSR and 2.5 CFMP continuing education credits.
The Institute of Certified Bankers (ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry.

Participants will learn about the:

  • Identify "covered transactions"
  • Identify the required elements of the opt-in notice and written confirmation
  • Discuss the discretionary information that may be included in the opt-in notice
  • Discuss what constitutes a "reasonable" opportunity to opt-in
  • Explore prohibited conditions to the opt-in.

Speakers

  • Nessa Feddis, Vice President and Senior Counsel, Center for Regulatory Compliance, American Bankers Association, Washington, DC (moderator)
  • Oliver I. Ireland, Partner, Financial Services Practice Group, Morrison and Foerster LLP, Washington, DC
  • David A. Stein, Managing Counsel, Board of Governors of the Federal Reserve System, Washington, DC

Who Should Attend

  • Compliance Officers and Managers
  • Bank Counsel
  • Retail Lenders
  • Mortgage Lenders
  • Marketing Officers
  • Risk Managers and Auditors
  • Senior Bank Managers

*ABA's Telephone Briefings include reference materials and telephone audio. Telephone/Webcast Briefings include reference materials, telephone audio, and simultaneous webcast presentation (requires 56K or faster with JavaScript and cookies enabled in the browser, i.e., Microsoft Internet Explorer 4.0 or later, or Netscape 4.7X).

**Each site license (registration fee) entitles you to one phone connection and one Internet connection  (when there is a simultaneous webcast presentation) where an unlimited number of listeners can participate.

Any transmission, retransmission or republishing of the audio or Web portions of this briefing is strictly prohibited.


Questions? Please contact Joe Mach / Linda Shepard / Cari Hearn for more information.