The CFPB has proposed a rule to limit overdraft charges at larger U.S. banks and credit unions – though financial institutions of all sizes should take note.
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Topics: Vendor Contract Negotiation, Bank Vendor Management, Credit Union Vendor Management, Fee Income, CFPB, Regulation, Overdraft Fees, NSF Fees, Service Charges
![Breaking-Down-Concerns-CU-Leaders-Blog-Image_FNL[78]](https://blog.srmcorp.com/hs-fs/hubfs/Breaking-Down-Concerns-CU-Leaders-Blog-Image_FNL%5B78%5D.jpg?width=829&height=476&name=Breaking-Down-Concerns-CU-Leaders-Blog-Image_FNL%5B78%5D.jpg)
It’s an understatement to say that 2023 has been demanding for credit unions.
A flurry of interest rate hikes has created balance sheet challenges. The recent failures of two large banks, and the voluntary liquidation of another, have created questions about the public’s underlying confidence in the financial services industry.
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Topics: Digital Banking, Vendor Contract Negotiation, Bank Vendor Management, Credit Union Vendor Management, Deposits, CFPB, Overdraft Fees
