News stories tagged overdraft

Overdraft Fees Are Out, Interchange Fees Are In

From CU Times: The answer to how credit unions can replace lost overdraft fee revenue lies in their card programs Some of the biggest players in financial services are eliminating...

Bureau regulatory agenda mute on overdraft programs – for now

Feb. 4, 2022  — The phrase “overdraft protection” does not appear in the “semiannual regulatory agenda” published this week by the CFPB in the Federal Register. But there may be...

NCUA issues ‘22 supervisory priorities topped by credit risk management, cybersecurity, payments

(Jan. 21, 2022) Credit risk management, cybersecurity and payment systems are the three top supervisory priorities for NCUA, the agency said this week. Additionally, the agency indicated it will also...

Overdraft fees not on CFPB rule agenda (yet?)

(Dec. 17, 2021) Six regulatory activities in 2022 by CFPB have been identified by the agency as “key” actions, according to a rulemaking agency released Monday – but action on...

Bureau takes new aim at overdraft fees, vowing to restore ‘meaningful competition’

(Dec. 3, 2021) Action to “restore meaningful competition” to the overdraft fee market was vowed this week by the CFPB, which noted that both small and large financial institutions “heavily...

COVID-related complaints saw uptick over overdraft fees

(July 9, 2021) Consumer complaints about federal student loans fell off during the coronavirus crisis, but protests about overdraft fees on checking accounts surged due to financial institutions attempting to...

Loan participations temp rule extended; 3 FCU proposals issued

(Dec. 18, 2020) In other action at Thursday’s meeting, the NCUA Board issued one final rule and three proposed regulations – with three of those approved on split votes after...