On November 12th the Federal Reserve announced changes to Regulation E that will substantially impact practices regarding consumer overdrafts. These overdrafts represent $25 - $30 BN per year in depository revenue. Given the recent regulatory and legislative tone, the amendments are not wholly surprising, and most institutions were already considering strategic options for a future without some of these fees. The timeline, however, has come as somewhat of a shock, with substantial change required by July 1, 2010. Depending on your starting point, this change will likely require significant operational effort across communications, product development, technology and risk management - as well as a continued push towards strategic transformation.
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Insights Accelerating Adaptation At Pandemic Pace Interview with Gaston Bottazzini, Chief Executive Officer at Falabella S.A. -
Insights Implementation Of Sustainable Development Goals Recommendations for potential mitigation actions to achieve access to third-party data sources. -
Journals Changing Consumers, New Opportunities We interviewed global senior retail executives for the Retail And Consumer Journal, Volume 8, on the pandemic challenges they faced and the new opportunities it provided. -
Insights Is Money All That Matters? A nation’s human-capital policies must be agile and adaptable, yet effective enough to drive national-scale transformation.