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Coming Events:
| Program Title : |
Regulation E Alert: Rule Changes to EFT for OD Protection Effective July 1, 2010 |
| Date : |
Friday, February 12th, 2010 |
| Time : |
11:00 AM - 12:30 PM Eastern Time |
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Download the Brochure. |
About The Program :
In the past if a consumer tried to make a payment by check that would overdraw his or her deposit account, the consumer’s financial institution used its discretion to determine whether to allow (e.g. pay) the overdraft. Most financial institutions then charged a fee to the consumer for paying the overdraft. The overdraft process and related charges used to apply only to checks. Now many financial institutions apply these fees to electronic items such as ATM and debit card transactions via their automated systems. The Federal Reserve Board has issued new rules for Regulation E which will give consumers the right to limit the overdraft costs associated with ATM and one-time debit card transactions by giving consent or opting-in to the program. Financial institutions must comply with the new rules by July 1, 2010. This important webinar will cover the new legislation and the impact on your bank and your customers.
Topics Covered :
- • Requirements for overdraft services
- • Understanding the opt-in requirement
- • Exception to the notice and opt-in requirements
- • How to condition payment of other overdrafts on consumer’s affirmative consent
- • Timing for existing account holders and new account holders
- • Content and format of notice
- • Fees imposed and limits on fees charged
- • Disclosure of opt-in right
- • Alternative plans for covering overdrafts
- • Permitted modifications and additional content
- • Joint relationships
- • Continuing right to opt-in or revoke the opt-in
- • Duration and revocation of opt-in
About The Presenter : Deborah L. Crawford, gettechnical inc.Deborah L.
Deborah Crawford is the President of gettechnical inc., a Baton Rouge-based firm, specializing in the education of financial institutions across the nation. Her 20+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees. Debbie specializes in the education of financial institution employees and officers in the area of deposit account laws, new account documentation, insurance, complex compliance regulations and IRAs.
Who Should Attend :
This informative session is directed to compliance officers, back office staff who handle overdrafts, branch managers, customer service representatives, training personnel, and all staff involved with electronic funds transfers. PLEASE NOTE: Your registration fee allows you to have one telephone connection. However, as many people as you like may listen from your office speaker phone. If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.
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[ Return to Calendar of Events ]
Register For this Program Now!
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Program Fees:
| Live Webinar |
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VACB Member: $250
Non-Member: $500 |
| On-Demand Webcast with CD |
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VACB Member: $250
Non-Member: $500 |
| Live Webinar, on demand link and free CD |
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VACB Member: $275
Non-Member: $550 |
What is a Teleseminar / Webcast?
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This training method allows unlimited listeners on your office speaker phone. By choosing the webcast option,
participants will also be able to view online visuals as the presentation is delivered. Registrants receive a toll-free
number and pass code that will allow entrance to the seminar. The session will be one hour and fifteen minutes in length
with an additional fifteen minutes for questions and answers. Seminar materials will be sent prior to the broadcast along
with hook up instructions. Your pin number, hookup instructions and handouts can be emailed to you or sent U.S. Mail.
If you would like them emailed, you will need the most current version of Adobe Acrobat Reader, which is available for
free at www.adobe.com. Registration is not complete without payment of
fee. Upon payment of fee the hookup instructions will be forwarded to you for participation in our live Teleseminars / Webinars.
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