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Overdraft Marketing and Policies
– Adapting to the New Rules
Presented by: Ken Golliher
and
John Burnett
June 20, 2005
11:30AM-1:30PM PT
12:30PM-2:30PM MT
1:30PM-3:30PM CT
2:30PM-4:30PM ET
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Materials
(only available to registered users) |
Two recent regulatory issuances significantly influence financial institutions marketing Overdraft Protection Programs. There are also provisions that can affect the overdraft policies and procedures at all institutions, and make changes in advertising requirements for deposit accounts. Regulatory guidance on ODP programs and recent amendments to Regulation DD combine to affect virtually every institution in some way.
This two hour session is the most effective and cost efficient way to bring your staff current on the issues involved. You can train a single employee or a room full of employees for the same price.
Join Ken and John to learn about the regulatory concerns you need to consider when designing or reviewing an ODP program. Hear about the need for formalized overdraft policies, even in banks without ODP programs. Hear Ken and John discuss important "best practices" to consider for your bank's ODP service. Get current on critical statement programming changes, and changes affecting your delivery of ODP information to customers.
Program Content
- Overdrafts and the UCC
- Revision of Regulation DD's concept of "advertising"
- New advertising "trigger term" rules
- Misleading advertisements
- Changes to initial disclosures
- Aggregate fee disclosures on periodic statements
- Industry best practices
- Accounting for charge offs
- Monitoring and reporting overdrafts
- Caps on daily fee amounts
- Explanations of clearing practices
Who Should Attend
Program content is at the basic to intermediate level and the expected audience is compliance officers, risk managers and marketing and audit personnel.
The Manual
Program materials are detailed and serve as excellent reference materials after the program.
About the speakers: John Burnett
John Burnett is a 1979 alumnus of the ABA National Compliance School, and has served on its faculty for several years. He graduated with honors with the Class of 1990 from ABA’s Stonier Graduate School of Banking. He is also a graduate of the BAI’s and the Massachusetts Banker Association’s Schools of Banking.
He joined Cape Cod Bank and Trust Company in 1971 and assumed his role as Compliance Officer in 1976. He also served as corporate secretary and secretary of CCBT’s Board of Directors, as well as Clerk of the bank’s holding company. After leaving the bank in 2004, John joined Glia Group, Inc. and became a part of the BOL Team in June, 2004.
Mr. Burnett is a member and former chair of the Massachusetts Bankers Association Legal and Regulatory Compliance Committee, and a former member of the American Bankers Association Compliance Executive Committee and NCS/NGCS Advisory Board. He served on ABA’s Truth in Savings Task Force, and has served on several ABA and Massachusetts Bankers seminar panels.
Ken Golliher
Ken Golliher is a principal with Pegasus Educational Services, LLC, a training firm headquartered in Louisville, Kentucky. He is an experienced banker with a unique ability to reduce complex legal concepts to plain English. He has explained the "why" and "how" of regulations to thousands of financial institution personnel and examiners. Ken's banking career began in 1972 and includes serving as a teller, commercial operations manager and as trust department legal counsel in a state and a national bank. For ten years he headed the education division of a regional consulting firm for financial institutions. He has served on the faculty of the LSU Graduate School of Banking, the OTS' Level I Compliance School and the FDIC's Advanced Consumer Protection school for examiners. He has presented seminars in more than 25 states and has served as an instructor at compliance schools sponsored by the Illinois, Indiana, Georgia, Kansas, Kentucky, Nebraska, Pennsylvania and Texas bankers associations. He is one of the moderators for the Bank Secrecy Act forum at http://www.bankersonline.com
 CPE Credit:
This program is recommended for 2 CPE credits. CPE credit is only granted to registered users. You can contact Carin Eisenhauer for a certificate of completion.
About the seminar:
Each registration comes with ONE access to LIVE event and 30 days of unlimited access to the ARCHIVE event. If you wish to have multiple locations participate you must have one registration per location. If the complete broadcast is received via the computer the AUDIO and VIDEO COMPONENTS can be connected to a A/V projector to allow multiple participants to view the conference. If the audio portion of the broadcast is received via the telephone the AUDIO portion can be placed on speaker phone to allow multiple participants. Interactive components delivered via Web include slides, online polls and Interactive Q&A via chat.
You may view the ARCHIVED Presentation of this training event as many times as you wish throughout the next 30 days.
This will enable you to participate in the LIVE event as well as train additional staff from the ARCHIVED event.
Handouts will be provided and we welcome questions during and after the seminar, as well as in advance. Questions received after the seminar will be posted on a special Web page for later viewing by seminar attendees.
Refund Policy: All registration changes or cancellations are subject to a $20 processing fee. Registration cancellation requests made in writing (email is acceptable) at least 10 days prior to the event will receive a full refund minus the $20 processing fee. For cancellation requests made less than 10 days prior to the event, registrants may elect to receive an ARCHIVED On-Demand view of the event or a credit toward a future event.
If there is a complaint regarding the program, participants should contact Carin Eisenhauer, BankersOnline.com. at 405-348-0269 or email carin@bankersonline.com
Bankers Online Learning Connect is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Web site: www.nasba.org
Prerequisites: None.
Contact Information: Billing questions can be directed to Carin Eisenhauer, carin@bankersonline.com. All other questions may be directed to mpetry@bankersonline.com
TEST YOUR SYSTEM: Click below to test receiving the presentation using Windows Media Player.
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