The Future of Overdraft (Webinar)

Watch Recorded Webinar (Available Below)

Date: Thursday, May 5, 2016
Time: 2:00 pm - 3:00 pm (ET)

It's been more than five years since the rumors started that overdraft would be on its way out because of changes to Reg. E and Dodd-Frank's establishment of the Consumer Financial Protection Bureau (CFPB). Now more than ever, credit union executives and compliance officers need to stay informed and up-to-date about potential regulatory changes. 
 
In this engaging webinar, industry expert and attorney, Christopher Leonard brings you the latest information on the future of overdraft and potential CFPB rulemaking.  
 
The webinar will address the following questions: 
  • When will CFPB issue an overdraft rule?
  • What are CFPB's main concerns and what might they do?
  • What are the other regulatory agencies focusing on until CFPB issues its overdraft rule?
  • Are overdraft fees really paid primarily by the poor?
  • How do we best position ourselves in light of what CFPB might do?

MATERIALS

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EXPERT PRESENTERS
Christopher LeonardChristopher Leonard, Attorney and Chief Executive Officer, Velocity Solutions
Christopher Leonard is an attorney and Chief Executive Officer at Velocity Solutions. Prior to becoming CEO of Velocity Solutions, Christopher served as President of the company from 2012 to 2014, and Chief Operating Officer & General Counsel from 2005 to 2011.

 

Prior to joining the company in 2005, Christopher was a corporate and tax partner with Wilmington, North Carolina’s largest law firm, where he worked with privately and publicly held corporations in various transactional, compliance and advisory capacities. He also served as counsel to Velocity Solutions advising on, among other things, regulatory and tax issues affecting the banking and health insurance industries. This experience allows him to serve as a resource for clients on regulatory and tax issues affecting the financial and insurance industries, including Regulation E (Electronic Fund Transfers; Requirements for Overdraft Services), Regulation DD (Truth in Savings), Gramm-Leach-Bliley (Financial Privacy Rule), W-2 issues in employee incentive programs, HIPAA nondiscrimination rules for wellness programs, and 1099 issues for deposit accounts. 

Christopher received his Bachelor of Arts and Juris Doctor degrees from Wake Forest University. He has served in leadership roles in various nonprofit organizations, including serving as president of the Community Boys & Girls Club of Wilmington, NC, chairman of the Foundation for the Community Boys & Girls Club, a founding director and vice president of the St. James Parish Foundation, a member of the Board of Visitors of the Wake Forest University School of Divinity and a member of the Board of Trustees of the University of North Carolina at Wilmington. While in private practice, Christopher was awarded the New Hanover County Bar Association’s Pro Bono Publico Award, 2002-2004.

 

Velocity LogoVelocity Solutions is the NAFCU Services Preferred Partner for Account Holder Premium Card Rewards Program and Overdraft Management Solutions. More educational resources and contact information are available at www.nafcu.org/Velocity