On Feb. 3, the CFPB penned a letter to the 25 largest retail banks calling on financial institutions to make lower-risk accounts more accessible to consumers to help prevent overdrafts. Now, the bureau’s actions have some credit unions worried a potential rule could be on the horizon – something that could considerably impact noninterest income generation.

According to a 2012 report from the Madison, Wis.-based think tank Filene Research Institute, noninterest income has long been a hot topic for many credit union CEOs. Credit union CEOs surveyed for the report stated they are seeking a balance between creating noninterest income to support their continued operations, and charging fees that are fair and support services that add value to members.

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