Community-Focused Credit Unions Should Have Dumped 'Junk Fees' Long Ago

CUs cannot profess to protect consumers while simultaneously maximizing their revenue through overdraft fees.

By Paulina Gonzalez-Brito | November 17, 2023 at 09:00 AM

On Oct. 11, the Biden Administration unveiled a crucial set of proposals aimed at curbing excessive consumer fees, such as overdraft and nonsufficient fund (NSF) fees, often called "junk fees." This move represents a significant step toward rectifying an issue that has long burdened consumers, particularly low-income consumers and consumers of color.

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By Jim DuPlessis | May 07, 2024

America's Credit Unions sends a four-page letter asking the NCUA board to reverse a rule set in 1992.

By Michael Ogden | May 02, 2024

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By Michael Ogden | April 26, 2024

Louisiana Corporate Credit Union CEO David Savoie shares why more transparency is needed in the months leading up to a credit union merger.

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