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In Overdraft Debate, Blaine Hits Industry 'Excuses'

As Congressional action appears to be looming on overdraft protection, State Employees' Credit Union CEO Jim Blaine and former NCUA Chairman Dennis Dollar engaged in what was described as a "lively and intense" faceoff this week.

By Jim Rubenstein | Updated on September 22, 2009

As Congressional action appears to be looming on overdraft protection, State Employees’ Credit Union CEO Jim Blaine and former NCUA Chairman Dennis Dollar engaged in what was described as a “lively and intense” faceoff this week.

In a panel debate during Monday’s annual convention of the New Jersey Credit Union League in Atlantic City, the two dueled over the worthiness of the so-called “courtesy” product now getting intense scrutiny from lawmakers and the public following a series of national news articles on the topic.

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