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Overdraft services will continue to be a target for regulatory scrutiny in 2023

Answered by: 
Kimberly Boatwright

Question: 
Did you know that Overdraft programs and the fees associated with them are a focus of the Regulators in 2023?
Answer: 

All the Agencies have made Overdraft programs as an area of Supervisory focus for 2023. The fee income they generate has been an area of concern for years and are being viewed as unfair and abusive.

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Learn more about Kimberly Boatwright’s, Overdraft Programs and Their Risk to Your Financial Institution
 webinar.

First published on 04/16/2023

Filed under: 
Compliance
Filed under compliance as: 
Audit
Internal Controls
Compliance/Compliance Management
Deposit
Marketing
New Accounts
Operations
Risk Assessment/Risk Management

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