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A complaint filed on July 20, 2023 in Minnesota federal court seeks declaratory and injunctive relief under the Administrative Procedures Act (APA) against defendants Federal Deposit...
Increased focus on junk fees has litigants and regulators taking aim at checking and deposit account fees. Recent political focus on junk fees has been aimed at entertainment, travel, other related industries, but now bank fees are in the crosshairs.
Any overdraft or courtesy pay program these days faces an intense level of scrutiny. On the one hand, you have regulators calling for overdraft reform and
A closer look at NCUA ruling to extend overdraft charge-off limit Updated policy designed to help credit unions meet members’ evolving needs February 23, 2021 by Cheryl Lawson, JMFA As consumers continue to struggle to make ends meet during the current economic crisis, regulatory agencies are examining rules and regulations to ensure credit unions have the strategies and tools they need to meet their members’ changing financial needs. During its December 2020 meeting, the National Credit Union Administration (NCUA) approved a Proposed Rule that amends 12 CFR § 701.21(c)(3). The...
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