Thursday - September 18, 2025
Overdraft: Payment Service or Small-Dollar Credit Topic of White Paper From CRS
September 11, 2025
WASHINGTON, Sept. 11 (TNSLrpt) -- The Congressional Research Service issued the following In Focus white paper (No. IF11460) on Sept. 10, 2025, by financial economics specialists Andrew P. Scott and Karl E. Schneider.

Here are excerpts:

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Overdraft: Payment Service or Small-Dollar Credit?

Funding Gaps in Consumer Finances

One of the earliest documented cases of bank overdraft dates back to 1728, when a Royal Bank of Scotland cu . . .

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