NSF Representment Scrutiny



NSF Representment Scrutiny – Content is accurate as of the date of publishing: 08/16/2022

In this week’s Compliance Minute, Victoria Stephen discusses the recent legal and regulatory scrutiny surrounding non-sufficient funds (NSF) representment fees.

Bank compliance training videos in a short, refresher mode take aim at federal compliance regulations, guidance and rules that out attorneys and compliance officers talk with members about on out Hotline. The C/A Minute videos were created to be a companion to the longer webinars, but focus instead on confusing or misunderstood sections or their applications.

These conversations guide compliance professionals and financial institution staff to better understandings of complex consumer and regulatory banking topics. It’s a compliance tool that almost every member uses every month.

NSF Representment Scrutiny—text transcript