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The concern about multiple NSF fees

Answered by: 

Question: 
What is the FDIC’s concern about multiple NSF fees?
Answer: 

The FDIC is concerned about both disclosures that don’t explain that multiple NSF fees may be imposed and about the efficacy of any customer notification when multiple NSF fees are imposed.

Learn more about John Burnett’s Update on Overdrafts and Account Fees webinar.

First published on 11/27/2022

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