The 2024 compliance outlook
Change is the only constant and banks’ processes must be fine-tuned to detect all that happens in a rapidly-transforming regulatory ...
Tag: Overdraft protection
CFPB proposes to apply Reg Z requirements to overdraft protection at large, midsize banks
In a backdoor move to impose a de facto price cap on overdraft fees, the CFPB today proposed to apply ...
ABA: CFPB must conduct SBREFA review before overdraft, NSF fee rulemakings
The CFPB may not proceed with rulemakings on overdraft and NSF fees until it assesses the economic effects of the ...
CFPB survey examines consumers’ ability to pay overdraft, NSF fees
Most households that are frequently charged overdraft or non-sufficient fees report having difficulty paying the fees, although that figure drops ...
CFPB planning rulemaking on overdraft, NSF fees
The CFPB projects that it will issue a proposed rule this month to consider whether fees charged for overdraft services ...
Survey: U.S. consumers remain bullish on banks, supportive of overdraft programs
The new survey shows that Americans remain happy with their bank and its ability to meet their evolving financial needs.
Don’t underestimate regulatory scrutiny of overdraft programs
As regulatory attention to overdraft practices changes and intensifies, experts advise banks to dig deep in reassessing insufficient funds programs ...
Navigating risks while taking action to manage overdraft/non-sufficient funds fees
Banks can take several steps to mitigate challenges surrounding overdraft/NSF fee lawsuits and enforcement actions.
FDIC: ‘Authorize positive, settle negative’ overdraft fees present risks of unfairness
APSN overdraft fees present risks of unfairness because the consumer cannot reasonably avoid receiving the fees due to the “complicated ...
OCC’s Hsu says regulators seek fairness in overdraft protection
Fees for overdraft services present a variety of risks for banks, but the goal of regulators is to make the ...
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