How to Avoid Wells Fargo’s $205 Million Overdraft Mistake
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We've been highlighting this issue for years. Learn more about the latest CFPB consent order related to unfairly assessing overdraft fees due to AP/SN.
Overdrafts and mitigating risks
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Even financial institutions that don’t offer overdraft protection could be violating regulatory rules when it comes to certain transactions. You have questions — JMFA has ...
Algorithm-based overdraft protection lacks disclosure and transparency
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Learn why matrix-based overdraft programs are risky business for financial institutions and their account holders — and why full disclosure, transparency, and fixed limits comply ...
Compliance Insights into New CFPB Guidance on Overdrafts
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Gain insight into the CFPB's latest guidance and the potential impact it could have on your overdraft program. Plus, learn how to protect your financial ...
CFPB Data Point Quantifies Overdraft/NSF Fee “Reliance”
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Read JMFA’s take on the Consumer Financial Protection Bureau’s report released on December 1, 2021, that covers Overdraft/NSF Fee Reliance. Learn more about how regulators ...
Align Your Overdraft Strategy with Your Market
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Expert advice and comprehensive resources alleviate uncertainty By Mark Roe, Executive Vice President of National Sales | JMFA Just as the holidays are approaching, price ...
HOW TO MAINTAIN A WORRY-FREE OVERDRAFT STRATEGY
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As the overall economy is making strides, many Americans continue to experience financial difficulties as they did before the COVID-19 pandemic. Amid concerns over the ...
AVOID THE PERILS OF INADEQUATE, UNDOCUMENTED OVERDRAFT POLICIES AND PROCEDURES
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TARGETED REVIEW OF PROGRAM DISCLOSURES AND PROCEDURES PREVENTS COMPLIANCE AND LEGAL RISKS The Consumer Financial Protection Bureau (CFPB) has reversed course on its January 2020 policy ...
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KEEP YOUR REGULATORY GUARD UP
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REDUCE POTENTIAL OVERDRAFT COMPLIANCE AND LEGAL RISKS COVID-19 will continue to impact the way banks and credit unions conduct business—for months, if not years to ...