Overdraft & Courtesy Pay Issues

The final amendments to Regulation E were issued in January concerning overdraft and courtesy pay fees. Will your credit union be ready to comply by the July 1, 2010 deadline?
Make sure you know all the “opt-in” and “opt-out” protections that you must offer your members. Let attorneys Steve Balian and Marie Pascua help you clarify your responsibilities and choices in obtaining your members’ consent.

You’ll get answers to these questions and more:

• Which transactions are affected by the new overdraft rules?
• What types of transactions are excluded from the rule?
• Can you offer incentives for members to opt-in?
• Do you still need consent if you don’t charge overdraft fees?
• What information must be included in the “opt-in” notice and can you change the opt-in notice?
• What methods can be used to accept a member’s consent?
• If a member gives consent, must you pay the overdraft?
• What are other financial institutions doing?

Who should attend?
Credit union professionals with responsibility for overdraft and courtesy pay operations and compliance, especially in these positions:

• Operations
• Compliance
• Member Service
• Lending
• Training

Meet the presenters, Steve V. Balian and Marie L. Pascua:
Steve V. Balian is a partner at Styskal, Wiese & Melchione, LLP, which represents hundreds of state and federal credit unions. Mr. Balian's representation primarily focuses on mergers and acquisitions, litigation matters, personnel issues, general contract drafting and negotiation, regulatory compliance, charter and field of membership, as well as insurance coverage matters, and intellectual property related issues. His litigation skills and experience have been extensively utilized by the firm's clients. He is licensed to practice before the California Supreme Court, the United States Court of Appeals for the Ninth Circuit, and the United States District Court for the Northern, Central and Southern Districts. Mr. Balian attended the University of California at Riverside and the University of the Pacific, McGeorge School of Law, where he graduated with distinction. He was admitted to the California Bar in 1995.

Marie L. Pascua is an attorney at Styskal, Wiese & Melchione, LLP. Her representation of the firm’s clients primarily focuses on contract review, drafting and negotiation, e-commerce matters, trademark, privacy laws, insurance coverage issues, litigation matters, and regulatory compliance. Special focus areas include drafting and updating consumer deposit account and loan disclosures, assisting clients in resolving complicated member account issues, and representing clients in selling their credit card portfolios. Ms. Pascua attended the University of California at Irvine and Loyola Law School, Los Angeles. She was admitted to the California Bar in 2001, and is licensed to practice before the California Supreme Court and the United States District Court for the Central District. 

Don't miss a minute of the exciting eTrain webinar series! For more information about upcoming programs, please email your questions to eTrain@ccul.org or call 800.472.1702 and select option 2.

Financial Assistance: Credit unions in need of financial assistance in order to participate are encouraged to check with their state league for scholarship opportunities.

Cancellation Policy: Cancellations must be made at least two (2) days prior to the seminar date to be eligible for a refund. No refund will be granted for cancellations received less than two days before the seminar. Replacements are always welcome to attend.

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