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“Reg E Strategy”: Regulation E Section 205 is Coming & Reduced Revenue will Follow

May 14, 2010

According to a recent Federal Reserve study, POS debit and ATM transactions make up 48.8 percent of all NSF transactions.  This regulation change could result in a loss of up to half of all overdraft revenues.

How will your financial institution deal with potential reduced fee income?   Do you have a plan for recovering the Reg E costs and reduced revenues?

With Reg E requirements effective July 1, 2010, the time is now to take on major cost saving and sales enhancement initiatives to help offset some of these lost revenues at your financial institutions. 

Financial Management Solutions, Inc. (FMSI) has the solutions you need to integrate into your Reg E response strategy.  With our easy-to-use, yet sophisticated, systems, The Teller Management System™ (TMS), The ContactCenter Managment System™ (CMS) and The Lobby Tracking System™ (LTS), you can manage and staff to meet service and sales needs like never before.  We offer you the ability to forecast and electronically schedule your team throughout your branch network, and to manage your operations to better meet traffic flow needs.  Through easy to read color graphics and succinct management reports our clients achieve significant productivity cost savings, up to 20%, and have substantially increased their sales (see testimonials).

Please take a minute to read our teller line study white paper and our Newsletter Archive

Click on the following link for all the details of Reg E from FDIC, Click Here.  Also, be sure to check out the latest Federal Reserve Board’s, Press Release on Reg E.

Contact FMSI today

3 Comments leave one →
  1. May 26, 2010 2:31 pm

    On a side note… the below link is a great example of how a credit union has relayed the important “opt-in” message to their clients.

    https://www.firstmarkcu.org/Info/Overdraft_Coverage.php?ad=A_Overdraft_Coverage

  2. July 19, 2010 8:24 pm

    Mandatory compliance is set for July 1, 2010. Fees may continue to be assessed without an opt-in, until August 15, 2010, on accounts that were opened before July 1, 2010.

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