Today, regulations seem to be easing and new technologies have emerged. Financial institutions need to ‘get with the times’ to take full advantage of the opportunities of a re-emerging overdraft landscape.
(PRWEB) April 17, 2018
BSG Financial Group, a leading provider of revenue-enhancement and compliance solutions for financial institutions nationwide, will host two webinars on Tuesday, April 24—one for banks and one for credit unions—regarding the management of discretionary overdrafts. The webinar for banks, entitled “Compliance is King in Bank Overdraft Management,” will be held at 11 a.m. EST. The webinar for credit unions, "From Stale to State-of-the-Art: How Credit Unions Can Modernize Their Overdraft Systems for Compliance and Bottom-Line Results,” will be held at 2:30 pm EST. The webinars, which are part of the company’s on-going series of educational presentations, seek to instruct financial institution executives about the importance of running an updated and modern discretionary overdraft program, both in terms of technology and procedures, and how doing so can result in improved service, income and safety.
“In the years since Dodd-Frank legislation, many banks and credit unions have let their discretionary overdraft programs languish for fear of new regulations and overall heightened scrutiny of overdraft programs,” said Jeffrey Harper, president of BSG Financial Group. “Today, regulations seem to be easing and new technologies have emerged. Financial institutions need to ‘get with the times’ to take full advantage of the opportunities of a re-emerging overdraft landscape.”
Harper, who is the presenter for both webinars, will instruct financial institutions how to modernize their overdraft systems with a focus on service to the consumer and risk-management for the institution. He will also present key performance metrics every financial institution should monitor that can help enhance income and service and ensure their discretionary overdraft programs are compliant.
Both webinars are especially relevant to institutions that have not recently assessed their overdraft procedures, disclosures, reports, compliance and technology capabilities.
“If your institution’s program has been running on auto-pilot, you could be experiencing a negative trend in service charges on deposit accounts, foregoing service opportunities and putting your institution at risk for charge-offs and compliance,” said Harper. “Attending one of these 60-minute webinars could prove to be the most valuable hour of your day.”
Who: BSG Financial Group
Presenter: Jeffrey A. Harper, President, BSG Financial Group
When:
- April 24, 2018 at 11 a.m. EST
- “Compliance is King in Bank Overdraft Management” (for banks)
- Registration: http://www.bsgfinancial.com/ComplianceisKing
- April 24, 2018 at 2:30 pm EST
- "From Stale to State-of-the-Art: How Credit Unions Can Modernize Their Overdraft Systems for Compliance and Bottom-Line Results” (for credit unions)
- Registration: http://www.bsgfinancial.com/ModernOverdraftWebinar
About BSG Financial Group
Louisville, Ky.-based BSG Financial Group is a group of independently organized companies that provides revenue-enhancement and compliance solutions for financial institutions nationwide. BSG Financial Group has been a provider of innovative overdraft programs since 1999, including the industry's first cloud-based overdraft management solution, Courtesy Connect®/Courtesy Limit™. The company's additional revenue-enhancing solutions include: Fee-Based Packaged Checking Accounts; Digital Lending Solutions; Vendor Management; Account Acquisition Strategies; Social Media Management; and CD Pricing and Selling Strategies.
BSG Financial Group includes the following companies: CourtesyCloud Management Solutions, LLC; BSG Financial, LLC; and IQ Development, LLC. For more information about the company, visit http://www.BSGfinancial.com.
