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Overdraft programs, strategy, and fair and responsible banking.

Question: 
Is your FIs strategic plan rely heavily on Overdraft programs and the fees they generate?
Answer: 

In the last 5 years FIs have been cited and hit with large CMPs for making Overdraft fee income a large part of fee income strategies. FIs that have not taken the time to look at fees through the customers eyes run the risk accusations of illegal junk fees, abusive practices, and unfair standards to consumer.

First published on 04/30/2023

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