CUs May Be Headed for Showdown With Harper on Overdraft Rule

Credit unions and trade organizations openly support the NCUA's proposal. Harper has openly voiced his opposition.

By David Baumann | February 17, 2021 at 01:52 PM

The credit union community and new NCUA Chairman Todd Harper may be heading for a showdown over a proposed rule that changes the agency's policies on overdrafts. Credit unions and their trade groups support the plan, while Harper and several consumer groups said it would not benefit consumers as they weather the economic impact of the pandemic.

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