Seat Time: 0.25hrs
This course will introduce the learner to the Federal Deposit Insurance Corporation's (FDIC's) overdraft rules. The course will discuss in detail the relationship of the FDIC's rules to the financial institution's operations. After completing this program, the learner will understand:
- Purpose of the Overdraft Payment Programs and Consumer Protection Final Overdraft Payment Supervisory Guidance.
- Expectations of the FDIC for financial institutions' compliance with overdraft rules.
- Rules established by the FDIC for financial institutions' Board of Directors (BODs).
T1. Overdraft Rules: This topic will teach the learner about the overdraft guidance notices that the Federal Deposit Insurance Corporation (FDIC) has issued to provide expectations on the way that financial institutions handle overdraft payment programs.