X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

 Noninterest income has always been attractive, but now it is … quite interesting. Overdraft fee structures are again the focus of regulatory initiatives. If adopted, they would most certainly drive down noninterest income further for financial institutions everywhere. Advisors Plus has seen credit unions’ Courtesy Pay revenue represent 15-20% of total noninterest income. This is a significant portion of noninterest income at risk.

The CFPB recognizes that overdraft programs are viable solutions for helping members manage their finances. It wants consumers to stay in the mainstream of financial services providers, and steer clear of payday lenders and other providers that trap consumers into a prolonged and expensive cycle of debt.

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 © 2019 ALM Media Properties, LLC. All Rights Reserved.