Tuesday - December 24, 2024
NCUA Issues Letter on Consumer Harm Stemming From Certain Overdraft, Non-Sufficient Funds Fee Practices
December 11, 2024
ALEXANDRIA, Virginia, Dec. 11 -- The National Credit Union Administration issued the following letter (No. 24-CU-03) on Dec. 10, 2024:

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To: All Federally Insured Credit Unions

Subject: Overdrafts

Status: Active

Dear Boards of Directors and Chief Executive Officers:

If your credit union assesses overdraft or non-sufficient funds (NSF) fees that your members cannot reasonably anticipate or avoid, your credit union m . . .

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