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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.