Guidance on Overdraft Fees & Defenses Against Class Action Lawsuits

Overdraft fees and OD protection programs continue to be intensely scrutinized by regulators.  Institutions have been warned about the serious consumer compliance risks associated with the assessment of multiple NSF fees arising from the re-presentment of the same unpaid item. In addition, it is important to properly evaluate whether any aspect of your OD fees and programs might constitute an unfair, deceptive, or abusive act or practice.  As if that wasn’t enough, class action lawsuits involving OD fees have increased throughout the country resulting in substantial monetary settlements. This webinar will explain the current legal and regulatory requirements regarding OD fees, the proper approach to identifying a possible violation and determining when full corrective action is required, and the recommended steps to defend your institution against class action lawsuits.