Financial Institutions

OCC and FDIC Issue Guidance on Overdraft Protection Programs.

Recently, the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) have both issued guidance to address the risks associated with bank overdraft protection programs. The guidance comes after a similar circular from the Consumer Financial Protection Bureau (CFPB) was issued in October 2022 and identifies certain practices that may result in heightened risk exposure.  

To learn more about this guidance, click HERE.

CRS Reviews Proposed CFPB Regulation on Credit Card Late Fees.

Previously, we reported on the Consumer Protection Financial Bureau’s (CFPB) proposed amendments to Regulation Z. The amendments come as part of the President’s Competition Council, an initiative to promote competition in the American economy by limiting junk fees, such as credit card late fees.  

To learn more about this proposed amendment, click HERE.

Subchapter S Bank Association Spring Webinar 2023 - 8 days left to register!



Join us for the Subchapter S Bank Association Spring Webinar 2023 on May 19, 2023 at 9:15-11:45 AM CST to hear our expert panelist discuss some current issues and opportunities Sub S Banks are facing. Topics will include:

• Developing A Strategic Balance Sheet Structure For This Challenging And Ever Changing Environment; 
• Actionable Ideas to Improve Depository Profitability; and 
• Update from D.C.- this session will cover tax developments and non-tax developments impacting banks that are circulating in D.C. and legislation/regulation affecting Sub S and community banks in general.

To register, use the following link: https://events.zoom.us/ev/AtTA3WLp0K72RHFCSImNwcrA0NAvSE4Mgv6qAT-cDvrP2wdbckKl~AggLXsr32QYFjq8BlYLZ5I06Dg

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