Tag Archives: overdraft protection

ABA Urges FDIC to Rescind Overdraft, Deposit Advance Guidance

In response to the FDIC’s recently announced initiative to streamline its Financial Institution Letters and other communications, the American Bankers Association in a comment letter on Wednesday urged the FDIC to withdraw its supervisory expectations with respect to bank overdraft payment programs and to rescind its 2013 guidance on deposit advance programs.

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