JMFA is hosting a new webinar on Thursday, April 22, at 11:30 a.m ET/10:30 a.m. CT that will provide insight into how your member credit unions can avoid overdraft litigation. Presented by Cheryl Lawson, JMFA’s Executive Vice President of Compliance Review, the session will offer valuable recommendations for how to reduce risk and better navigate the traps being set for overdraft class-action suits.
Are You at Risk for A Class-Action Suit? Law firms are targeting credit unions for their overdraft practices. No one is completely safe: the lawyers’ intent is less about justice than reward. While regulatory changes have been few in recent years, litigation is increasingly putting pressure on banking practices. This session will focus on what the industry is seeing in terms of litigation and the impact on your credit union.
In this webinar, you’ll learn:
• Ways to reduce consumer complaints
• How your disclosures can protect you from class-action lawsuits
• The fundamental basis for most overdraft litigation