Overdraft Fees


It’s been almost two years since the Overdraft Fee Act shifted control of debit card overdraft programs from issuers to consumers and initiated a new era of regulatory pricing control. Now, with the CFPB taking its turn at examining overdraft fee programs and class action lawsuits targeting processing practices, the prospect for financial institutions to dodge another round of operating changes — and fee income reductions — is not looking good. But new short-term loan products could offer another channel for gap financing services.

Author: Patricia Hewitt
Published on: April 13, 2012


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