Much has been made about large banks eliminating or reducing overdraft fees. But as Christopher Leonard notes, the reports have been exaggerated, and they don't convey that consumer liquidity is also being squeezed along with the fees.
Credit Union Times Contributor Anne Legg caught up with the CEO of Velocity Solutions at CUNA GAC 2022 to hear of some of the misconceptions and benefits about overdraft services.
In this video, you'll learn:
- Why overdraft still has an important function for credit union members;
- What the future is for overdraft programs; and
- How credit unions can employ them more effectively and ethically for their members.
Click the video to watch.
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