This week: America’s Credit Unions fights for credit unions with Congress in recess

by America's Credit Unions

This week, America’s Credit Unions remains hard at work for the credit union industry while Congress is in recess.

Additionally, comments are due to the CFPB today for the bureau’s proposed rule to cap overdraft fees for financial institutions with more than $10 billion in assets. The proposed rule offers three options for those financial institutions:

  • Treat overdrafts as extensions of credit, which would require Regulation Z disclosures with each overdraft;
  • Charge a “breakeven” amount that allows the credit union to only recoup the cost of providing the overdraft; or

 

continue reading »

Featured