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| Monday, February 28, 2005 | ||
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New ODP Guidelines Summarized Whether you currently offer an overdraft protection program, or simply informally and occasionally pay overdrafts, you will want to know how the new guidance issued by the regulators on Overdraft Protection Programs will affect your institution. In Andy Zavoina's summary, Time to Review Your Overdraft Program Plans, you'll learn about what the regulators view as legal risks, what the safety and soundness concerns are, and what the regulators recommend for best practices. Related Links Final Guidelines on Overdraft Protection (OCC, FDIC, NCUA and FRB) Final Guidelines on Overdraft Protection (OTS) Still pending proposed amendments to Regulation DD Proposed version of the Interagency Guidance
Learn about JMFA OVERDRAFT PRIVILEGESM from John M. Floyd & Associates and get a Free Overdraft Privilege Analysis. |
In the Banker Store Overdraft protection programs, if run properly, can be helpful to customers. If structured incorrectly, however, such programs can potentially be abusive and harmful. Get it right and it's a terrific source of income. Get it wrong and your institution is in a world of regulatory hurt. You'll find products to help you in the Banker Store. Policies - DDA Lines of Credit (Overdraft Protection) Policy Template Updated! Forms - Overdraft Approval Form Letters - Overdraft Protection Approval Letter - Debit Card and Overdraft Protection Approval Letter - Overdraft Protection Cancellation and Demand Letter - Overdraft Protection Revoke Letter |
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