Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WEST PALM BEACH, Fla. – The majority of voters feel overdraft protections don’t need additional regulatory scrutiny. Overdraft protection, a burgeoning product among credit unions, was the subject of the just expired Credit Union Times online voting poll. The question and results are as follows: Overdraft protection has been under the regulatory microscope of late. Some believe the service, which covers a member’s bounced check for a fee, should carry with it an annual percentage rate like those seen on lending products. Others feel that overdraft protection programs shouldn’t be aggressively marketed by credit unions as they can encourage bounced checks. What do you think? * OD programs should include an APR – 7.58% * Regulators should rein in aggressive marketing of the programs – 11.37% * OD programs should include APR and marketing should be regulated more closely – 15.17% * OD programs are fine the way they are – 61.14% * Not sure – 4.74% Total Votes: 211

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.