A long-awaited overdraft report, released June 11, featured some unflattering statistics related to credit union overdraft income.
You can regulate the money out of the business, but you can’t regulate the personal responsibility out of the consumer. No matter what Washington does to keep credit unions and other lenders from taking advantage of the less well-educated, the desperate and the elderly, ultimately consumers have to take responsibility...
According to the report, while bank and thrift service charges on deposit accounts have declined since 2008, credit union fee income has increased by 15%.
Credit union found not liable for continuing contract with JM Floyd after company says automatic renewal followed merger.
Trade group urges new agency to refrain from new rules and limits on courtesy pay programs.
The Deposit Score, Platinum Overdraft and Pricing Partner software business of Sheshunoff Consulting + Solutions of Austin, Texas, has been sold to Velocity Solutions of Wilmington, N.C., the companies said.
Velocity Solutions of Wilmington, N.C., said it has acquired the overdraft software business of Sheshunoff Consulting + Solutions of Austin, Texas.
The Consumer Financial Protection Bureau has granted CUNA’s request for a deadline extension for comments on overdraft programs. The new deadline is June 29.
The agency has announced an intent to look again at rules governing how overdraft protection programs work.
A major provider of overdraft programs to credit unions is suing Fiserv Inc. for $10 million, claiming the big technology company violated a promotional and noncompetition agreement between the two.