A recent survey conducted by economic research firm and overdraft program provider Moebs Services showed that 1,800 banks and credit unions have made changes to their overdraft strategy since Regulation E was made a requirement in November 2009 by the Federal Reserve.
The results were from a survey of 2,000 banks and credit unions conducted in early March 2010.
Out of all the financial institutions surveyed 11.4% changed their overdraft strategy by increasing price, decreasing price or beginning or stopping offering overdraft service.
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