Categories
Algorithm-based overdraft protection lacks disclosure and transparency
Learn why algorithm-based overdraft programs are risky business for financial institutions and their account holders — and why full disclosure, transparency, and fixed limits comply ...
Is it time to evaluate your overdraft program disclosures?
If you think your overdraft disclosures only need to be reviewed after new rules or guidance is issued, you could be caught off guard by ...
Everybody loses without access to overdraft services
Taking away overdraft solutions only adds to consumer stress and makes it harder for financial institutions to help improve account holders' financial health.
Empower consumers with more knowledge to maintain financial stability
Community banks and credit unions provide a much-needed lifeline to consumers when economic and market uncertainty impacts their financial stability.
Hsu Pushes Back on Overdraft “Junk Fee” Label
In recent remarks, Acting Comptroller of the Currency Michael Hsu says making overdraft programs and fees more consumer-friendly — not eliminating them entirely — should ...
Data Suggests New Overdraft Legislation Unnecessary
In 2022, overdraft fee revenue fell significantly for the largest banks compared to pre-pandemic levels, showing course correction is working without the need for new ...
Overdrafts: Service Fee or “Junk” Fee?
Despite the headlines, responsible overdraft service fees are miles away from being “junk fees.” Here’s how to spot the differences.
Need additional back-office support? Managed overdraft services enhance productivity when the unexpected occurs
Learn how to create greater efficiencies and ensure your overdraft notifications are delivered should an unexpected situation occur.
Do consumers really have a need for overdraft services?
Do consumers really have a need for overdraft services? YES. Although it’s not an ideal situation to have an overdrawn account, research continues to show ...