Pub. 2 2012-2013 Issue 6

14 O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S Protect Your Bank Against Potential Regulatory Pitfalls Full disclosure and consumer focus lead to compliance peace of mind W hile the Consumer Financial Pro- tect ion Bureau (CFPB) has spent the last year rev iewing informa- tion it has received from financial institutions and individuals regarding the impact of overdraft programs on consumers, there is still a great deal of speculation regard- ing where the Bureau stands on its fi nal ruling on overdraft practices. In an effort to provide the CFPBwith amore realistic look at how disclosed overdraft pro- grams bene fi t consumers, JMFA partneredwith Washington D.C.-basedMorrison Foerster LLP, to gather feedback from a group of 50 fi nancial “As financial institutions anticipate the CFPB’s final overdraft program ruling, there are steps that can be taken now to ensure that your overdraft processes and procedures are compliant. ” FEATURE ARTICLE MARK KENNEY JMFA regional director John M. Floyd & Associates (JMFA)