Most Popular Operations Content
Combating check fraud with preventative strategies
07/28/2024
How can financial institutions effectively mitigate the various forms of check fraud?
CFPB's proposals to cut big banks' OD fees
07/28/2024
When is the CFPB likely to issue a final regulation making banks over $10 billion in assets cut their overdraft fees back to a breakeven amount or start treating overdrafts as extensions of open-end credit subject to Regulation Z?
Disclosing "posting order" when explaining when OD fees may be charged
07/28/2024
If we elect to update our disclosures on the circumstances that may trigger overdraft charges, do we have to disclose the order in which we post debit and credit items to deposit accounts?
Authorized signers on CD accounts
07/21/2024
Can a personal certificate of deposit account have authorized signers?
APSN ATM/POS transactions and overdraft fees
07/21/2024
Our institution has chosen not to charge NSF fees on ANY ATM/debit card transactions whether they are one time or recurring. Having said that, if we are in an APSN situation at end of day and the account is now overdrawn, we DO charge an Overdraft Fee (even if the only item causing the overdrawn balance is the ATM/Debit card transaction). Would this be perceived at UDAP/UDAAP? Additionally, both NSF fees and OD fees are the same amount.