A proposed interim final rule to let federal credit unions (FCUs) decide how long members have to resolve account overdrafts went nowhere during Thursday’s open meeting of the National Credit Union Administration (NCUA) Board. The […]
The federal regulator of credit unions will consider three issues related to its rules and regulations at its next regularly scheduled meeting May 21, focusing on joint ownership of share accounts, overdraft policy, and prompt […]
Overdraft protection may be coming up again soon at the federal consumer financial protection agency – but it’s not clear precisely when, according to the fall 2019 rulemaking agenda posted by the agency Wednesday. The […]
High-level summaries of “pertinent supervisory issues” about consumer protection will be the content of a new publication launched Thursday by the Federal Reserve aimed at bankers and others interested in the issue, the agency said. […]
A Minnesota banking company has agreed to pay $25 million in restitution to customers for “obscured” overdraft fees that they were charged, and has agreed to an injunction to prevent future violations, the federal consumer […]
Payment of a $15 million civil money penalty was agreed to by PNC National Bank for failure to waive fees it said it would renounce since at least 2001, and for fees charged for an […]
Six regulatory actions – including those proposed on “overdraft services” – have been moved to the “inactive list” the Bureau of Consumer Financial Protection (BCFP) notes in its spring 2018 rulemaking agenda released Thursday. “The […]
Overdraft rules are not on the spring rulemaking agenda of the Consumer Financial Protection Bureau (CFPB), the bureau’s acting director, Mick Mulvaney, told lawmakers during Q&A in a House Financial Services Committee hearing Wednesday. Mulvaney, […]
Web-Based Quantitative Testing of Point of Sale/ATM (POS/ATM) Overdraft Disclosure Forms
Consumer understanding of overdraft programs — including their perceptions of experiences, beliefs about advantages, and drawbacks to alternatives – are explored through “qualitative interviews” about the product issued in a report by the Consumer Financial […]
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