Know Before You Owe: We are designing new overdraft disclosure forms
In order to make overdraft disclosure more straightforward, we’ve created four possible designs for a new disclosure form.
Blog
Understanding the Overdraft “Opt-in” Choice
Banks and credit unions can only charge you overdraft fees on one-time debit card transactions and ATM withdrawals if you “opt in.” Learn more about the opt in choice, and steps you can take to reduce or eliminate overdraft fees on your checking account.
New insights on bank overdraft fees and 4 ways to avoid them
For the first time in 2015, large banks began reporting separately certain categories of fees—including overdraft and non-sufficient fund fees. The new fee revenue information is helping us understand the magnitude and diversity of banks’ overdraft programs. Here are some tips to help you reduce or avoid overdraft and NSF fees.
Comment period on overdrafts extended to June 29
In February, we launched a public inquiry and an industry research study to gain insight into overdraft practices. Both initiatives are continuing and will provide us with great perspective on how overdraft programs work. The Notice and Request for Information originally called for all public comments by the end of this month. While we’ve already […]