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U.S. Capitol U.S. Capitol, Washington, D.C. (Source: Shutterstock)

The credit union trade organizations, CUNA and NAFCU, appear to be fully aligned in the fight against any sort of legislation and government intervention that could restrict the ability of credit unions to offer overdraft protection plans for their members.

Officials with NAFCU and CUNA filed letters this week with the Senate Banking, Housing, and Urban Affairs Subcommittee to express their arguments to protect overdraft protection programs offered by credit unions. The committee held a hearing Wednesday to examine overdraft fees.

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Michael Ogden

Editor-in-Chief for CU Times.

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