About the Webinar
Overdraft protection has been a frequent hot topic in the news for years. Now we’re seeing big headlines once again, but the press is portraying a myopic view of the big picture. Overdraft services will always play a fundamental role in consumers’ lives given the immediate liquidity it affords them. The question is how to provide these services responsibly, compliantly, and most importantly: how to best offer the right liquidity options for consumers—and ensure they have the ability to repay the overdrawn balance as well as the ability to afford the fees. Velocity CEO and attorney Christopher Leonard is one of the industry’s foremost experts on this topic.
In this session, Christopher will:
- discuss the latest regulatory thinking on the topic
- dispel the myths covered in the big headlines
- share actionable strategies for providing short-term liquidity so everybody wins: the regulators, credit unions and your members