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Session 2 - Reinventing Small Dollar Lending

Thu, Aug 17

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Live Virtual (co)Lab

Overdraft fee revenue is going away. ODs are expensive and a terrible experience, while the traditional loan process is slow and complex. Join us in co-creating a better solution for customers and for FIs. Session 2 of 2.

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Session 2 - Reinventing Small Dollar Lending
Session 2 - Reinventing Small Dollar Lending

Time & Location

Aug 17, 2023, 1:00 PM – 2:00 PM EDT

Live Virtual (co)Lab

About:

Overdraft fees are going away, one way or another. 

Good riddance. They are expensive for customers, a terrible customer experience, and have been abused by too many big institutions. But the reality is OD fee income needs to be replaced with something better for customers, and better for financial institutions.

Whether by regulation or market forces, eliminating overdraft fees doesn't solve the fundamental problem: Consumers and small businesses occasionally have the need to spend money they do not yet have in hand. Cash inflows and outflows often have timing differences,  emergency expenses pop up, bills and necessities cannot wait.

Customers are looking to fintechs, pay-day and other alternative lenders, and overdrafts to meet these needs while bank NSF/OD Programs are coming under increasing regulatory scrutiny. Some banks have eliminated all OD fee income, others are eliminating OD services entirely. FIs need to create new products to provide customers with the…

Tickets

  • Registration

    Includes both sessions on August 15 & August 17. This ticket is just to complete the registration process. You do not need to print or save it.

    $495.00

    Sale ended

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