Overdrafts: Understanding TISA Requirements Related to Overdrafts

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Jarod covers the key points regarding Regulation DD, which governs the disclosure requirements for fees and charges related to deposit accounts, such as Non-Sufficient Funds (NSF) and overdraft fees. Jarod highlights the need to disclose the amounts of these fees, the conditions under which they are assessed, and the requirement to use consistent terminology on periodic statements and in marketing materials. He also discusses the need to provide account balance information at automated terminals without including overdraft protection funds, and the restrictions on advertising overdraft services.

Clip taken from BCC Overdrafts. Find training here - https://bit.ly/BCC-Overdrafts24