These days, it’s vital to ensure your finances are well-protected. Pacific Continental Bank takes extensive measures to keep your accounts secure. But it’s important you understand that you play a role, too.
Pacific Continental aims to keep you apprised of possible risks by sharing information, tools and ideas to protect what you’ve worked so hard to earn.
The Federal Reserve Board (FRB) has adopted revisions to Regulation E (“Reg. E”) that require consumers to opt-in to their financial institution’s overdraft protection service for ATM and one-time debit card transactions before overdraft fees may be assessed on a consumer’s account. The new Reg. E revisions requiring consumers to opt-in to overdraft services do not apply at Pacific Continental Bank. The bank does not allow its clients to overdraw their account at an ATM or when they make a purchase using their debit card unless they have a signed and pre-approved line of credit in place. It’s important to understand that checks and automatic bill payments are not covered under these new rules, so they may be subject to overdraft charges; however, there is no need to “opt-in” to additional overdraft charges related to checks or bill payments.
If you are at risk of facing foreclosure, your lender may contact you directly. If you are contacted by your lender, try to work with the lender to assess your ability to repay the debt, as well as to consider other options. The letter or notice that you receive may contain the toll-free phone number for the U.S. Department of Housing and Urban Development (HUD), 800-569-4287.
HUD-approved counseling agencies are available to provide you with the information and assistance you need to avoid foreclosure. Foreclosure-prevention counseling services are provided free-of-charge by nonprofit housing counseling agencies working in partnership with the Federal Government. In addition,as part of the Homeowner Affordability and Stability Plan (HASP), the Making Home Affordable initiative allows eligible borrowers to refinance or modify their existing first mortgage. Click here for more information.
Educate Yourself About Foreclosure
Important Information Regarding IRA Rollover Changes Effective January 1, 2015
Recent Internal Revenue Service (IRS) rule changes concerning Individual Retirement Account (IRA) rollovers will become effective for distributions that occur on or after January 1, 2015. According to the IRS announcement, individuals can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs owned.
Additional information can be found on the IRS website at the following links:
Children’s Online Privacy Protection Act COPPA Disclosure
The online financial services offered through Pacific Continental Bank’s website are not designed for or directed toward children under the age of 13. The Children’s Online Privacy Protection Act (COPPA) was passed to give parents increased control over what information is collected from their children online and how such information is used. The law applies to websites and services directed to, and which knowingly collect information from, children under the age of 13.
Pacific Continental does not knowingly solicit or collect data from children, and we do not knowingly market to children online without express parental consent or notification. If you believe your child has provided personally identifiable information to us, please contact us.
You may contact us toll-free at 877-231-2265, by email at email@example.com or mail at Pacific Continental Bank, PO Box 10727, Eugene, OR 97440-2727. For more information about the Children’s Online Privacy Protection Act, please visit the Federal Trade Commission website.