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Answers to Five Critical Overdraft Issues

CSS Knowledge Center 1200x628 - ODP Webinar 5 critical OD issues

June 20 , 2024

A free webinar brought to you by CUNA Strategic Services and ADVANTAGE.

Featured Speakers: Cheryl Lawson, EVP of Compliance Review, ADVANTAGE, and John Cohron, Chief Executive Officer, ADVANTAGE

Credit unions are increasingly under pressure to balance exceptional member service with financial stability. As the CFPB's anticipated final rule approaches and competition intensifies, the stakes have never been higher to reassess your overdraft program.

With regulators tightening their focus on eliminating practices that increase consumer costs, hear from industry experts as they address the pressing questions shaping the future of overdraft services.

Key takeaways include:

  • The Future of Overdrafts: What’s ahead for overdraft programs amid evolving regulatory and market trends?
  • Refining Your Overdraft Strategy: How can your institution adapt its overdraft program to meet both consumer needs and regulatory expectations while ensuring long-term stability?
  • Is Lowering Fees Enough? Discover why adjusting fee amounts alone may not be sufficient and what other factors should be considered.
  • Understanding the CFPB’s Break-Even Benchmarks: Learn how to evaluate the financial impact of your overdraft service in light of CFPB guidelines.
  • Common Pitfalls in Overdraft Strategy Changes: Avoid typical mistakes institutions make when revising overdraft policies and ensure your decisions are well-informed.

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About Advantage

ADVANTAGE, powered by JMFA, is dedicated to empowering financial institutions with strategic solutions for growth and success. Our comprehensive services include overdraft program consulting and compliance, checking account acquisition strategies, contract negotiation expertise, and consulting for technology strategy, evaluation and selection. With a rich history of serving credit unions nationwide, we are committed to delivering exceptional value and fostering long-lasting partnerships. Choose ADVANTAGE, to elevate your performance, identify new opportunities, and build more value. 

About ADVANTAGE