Overdraft Disclosure Requirements: Regulations, UDAAP & Legal Risks

Jun 14, 2018 03:00pm -
Jun 14, 2018 04:30pm
As we transition to a new online membership platform, CBAO will not be processing online orders from September 21-30. Please call our office at (614) 846.8124 to register for a webinar or an event. Thank you!

A list of upcoming events is presented below:

Event Description

Overdraft protection continues to be a hot, high-risk area.  Regulators have identified misleading and deceptive practices in examinations, including inaccurate and incomplete overdraft disclosures and deficient opt-in procedures.  This webinar will analyze Truth in Savings and Regulation E disclosure requirements related to overdraft protection.  Financial institutions throughout the country have become targets for class action lawsuits that allege improper overdraft practices, a lack of transparency and disclosure about the overdraft program, and failure to comply with the Electronic Fund Transfer Act and Regulation E. 

Best practices for ensuring your institution has clearly described its overdraft protection program (and overdraft alternatives and ability to opt out) will be analyzed.  Specifically, this webinar will examine the importance of disclosing and explaining your institution’s use of the available balance and how this impacts accountholders.  By clearly explaining when overdraft/NSF fees will be charged, institutions can reduce compliance, UDAAP, and legal risk.


  • Summary of Truth in Savings and Regulation E disclosure requirements for overdraft protection
  • Regulation E’s model overdraft opt-in disclosure for ATM and one-time debit card transactions
  • Best practices to inform accountholders of how your overdraft protection program works, including options and priority levels for linked accounts, lines of credit, and overdraft protection
  • Analysis of a checking account’s available balance versus actual balance
  • Examples of when overdraft protection or NSF fees will be charged
  • Signature versus PIN debit card transactions and the impact of authorization holds on available balance

Take-Away Toolkit

  • List of possible topics and information to add to your overdraft explanation and website to reduce UDAAP and litigation risks
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key

Attendance verification for CE credits provided upon request.

Who Should Attend?

This informative session is designed for deposit, operations, compliance, and audit employees.

Registration Options:

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.

Event Type:Webinar &/or On-Demand Link/CD
Early registration ends on May 09, 2018.
Regular registration starts on May 10, 2018 and ends on Jun 14, 2018.
Late registration starts on Jun 15, 2018.
(GMT-05:00) Eastern Time (US & Canada)


Registration Fees
Fee TypeEarlyRegularLate
 Live Webinar
Member Fee: $265.00$265.00$290.00
Non-Member Fee: $400.00$400.00$425.00
 Additional Hookups
Member Fee: $175.00$175.00$175.00
Non-Member Fee: $260.00$260.00$260.00
 Recorded Webinar + Free Digital Download
Member Fee: $345.00$345.00$345.00
Non-Member Fee: $490.00$490.00$490.00
 Both Live Webinar and Recorded Webinar + Free Digital Download
Member Fee: $395.00$395.00$420.00
Non-Member Fee: $600.00$600.00$625.00