No-tricks overdraft strategy
After living through the financial upheavals and a general sense of uncertainty over the past eight months, consumers are feeling a bit of fright—and it isn’t because Halloween ...
The latest from Cheryl Lawson
Regulators launch review of 2009 overdraft rule
As a requirement of the Regulatory Flexibility Act (RFA), the Consumer Financial Protection Bureau (CFPB) recently announced its intent to review the 2009 overdraft rule. This rule requires consumers to ...
Best practices lead to best results
Following the recent passage of the Economic Growth, Regulatory Relief and Consumer Protection Act (S.2155 ) – which was intended to roll back some of the regulations of the Dodd-Frank law ...
Is your overdraft solution a disclosed service or a hidden fee?
In the Federal Reserve’s fifth annual Report on the Economic Well-Being of U.S. Households, released in early May, the number of Americans who say they are managing okay ...
How does your institution rank when it comes to disclosure?
We hear a lot about rankings these days. Whether it’s the latest movie releases, professional and college sports teams, places to live, restaurants or online visibility, placing on the ...
Life is uncertain: Protect what you have
When it comes to maintaining financial stability these days, a great deal of uncertainty comes into play. For financial institutions, on-going regulation on existing non-interest income sources, a lack of ...
What’s on your ‘overdraft program’ checklist?
Lists are all the rage. Grocery lists, to-do lists, bucket lists and more. On a larger scale, we use lists to define the “must-haves” for just about anything. Love ‘em ...
Sound New Year’s principles are beneficial all year long
If your credit union’s 2017 goals include increasing revenues and member satisfaction, a fully-disclosed overdraft protection plan may be the solution. A proven plan could fill not only both ...