Still in the Crosshairs An Update on Bank Overdraft Practices

Event Details
September 2021
11:00 AM - 12:00 PM EDT

Despite having been a target for over a decade, bank overdraft practices remain a focus of regulators and plaintiffs’ class action attorneys. The Consumer Financial Protection Bureau is again considering rulemaking to prohibit certain practices and/or require additional disclosures while the prudential bank regulators have expressed interest in reforming bank overdraft practices. In addition, legislation has been introduced in Congress to bar certain practices and a new wave of private litigation is underway with a focus on practices other than high to low processing.

In this webinar, the topics we will discuss include:

  • Overdraft practices challenged in current litigation
  • Overdraft practices targeted by regulators in supervisory or enforcement actions
  • Safety and soundness issues arising from overdraft practices
  • Legislative proposals
  • Expectations for future rulemaking/supervision/enforcement by regulators
  • Use of arbitration provisions to help avoid class action exposure

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