Regulatory expectations related to overdraft fees continue to be a trending topic. Now more than ever, it is imperative to re-evaluate your program strategy to avoid compliance headaches and reduce your litigation risks.
JMFA’s EVP of Compliance review, Cheryl Lawson, recently joined in the discussion for the Bank on Wipfli podcast. Listen in for ways you can successfully navigate compliance and regulatory expectations.
Cheryl visited with Wipfli senior manager Robert Zondag to cover how to respond to litigation and answer these questions:
How can you ensure your financial institution’s overdraft program is compliant with all regulations?
How can you ensure transparency and help account holders know what they’re agreeing to?
How can you keep up with all the regulations around overdraft programs?