Outlook Live
New Overdraft Protection Program Rules
December 10, 2009
Event Details
In 2009, the Federal Reserve amended Regulation E to prohibit banks from charging overdraft fees on ATM and one-time debit card transactions unless consumers affirmatively "opted in" to the service. This rule, which was finalized on November 12, 2009, also mandated clear fee disclosures and took effect in July 2010. This webinar provides an overview of these requirements, followed by a Question and Answer session.