Search
 

Matz: I am not Against All Overdraft Programs

In Mike Welch's Feb. 9 column, "Might Be Time To Start Asking Who's Kidding Who?", he incorrectly stated my views on bounce protection. Let me set the record straight. I believe credit unions should think long and hard before offering bounce protection. When it is offered, the credit union should...

By Staff Writer | Updated on February 22, 2005

In Mike Welch’s Feb. 9 column, “Might Be Time To Start Asking Who’s Kidding Who?”, he incorrectly stated my views on bounce protection. Let me set the record straight. I believe credit unions should think long and hard before offering bounce protection. When it is offered, the credit union should be sure that the overdraft protection is clearly explained to members, does not encourage overdrafts and does not involve excessive fees. Bounce protection that encourages overdrafts and excessive fees is predatory. Credit unions that engage in such practices pose a threat to the pro-consumer reputation of all credit unions. Deborah Matz NCUA Board Member Alexandria, Va.

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?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

Recommended Stories

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

Copyright © 2023 ALM Global, LLC. All Rights Reserved.