11/13/2016
May a financial institution process transactions in a manner that allows the financial institution to maximize overdraft fee income?
07/31/2016
Is a Notice Regarding Overdraft Fees disclosure required to be posted on an ATM? A question was recently asked about required ATM signage (https://www.bankersonline.com/qa/required-signage-atm) however I did not see mention of this Notice. Could this be a CA specific notice or one that may have been required in the past? The notice reads “If you do not have sufficient funds in your account for the withdrawal amount requested,completing the transaction may result in overdraft fees if you have given us prior permission to complete such transaction….”
04/28/2014
Can an NSF fee be charged on a re-occurring POS transaction if the customer has opted in?
04/09/2012
I understand that Reg E requires the bank to refund any overdraft fees associated with an unauthorized debit card transaction. Does this also include customer disputes via the merchant if they have also disputed with the bank?
01/18/2010
The commentary on the Reg DD changes seems a bit unclear with regard to the opt-in and opt-out requirements for banks that do not utilize an overdraft program. Is a bank that does not have an overdraft program, but does pay overdrafts on a discretionary basis, required to allow customers to opt-out of having their overdrafts paid through whatever means?
12/14/2009
Our bank would like to start charging fees on overdrawn accounts. What disclosures are required to send to our customers?
05/11/2009
The new amendment to Reg DD requires disclosures of overdraft charges. Our bank does charge overdraft fees, but we do not offer any type of overdraft protection coverage. Does this new amendment still apply to us?
07/30/2007
Under the requirements of the new rules for overdraft protection programs under Reg DD, there is an exemption for the historical information on overdraft charges for banks being purchased by another institution. If both the existing bank and the bank being purchased are required to disclose the annual history of charges due to advertising the overdraft program, does this exemption still apply?
09/25/2006
Our statements did not print the overdraft charges until July 7th and our processor feels they were not out of compliance. I thought that the fees had to be shown as of the July 1st. Are they out of compliance?
06/12/2006
We are a small community bank of less that $75M regulated by FDIC. We offer no Overdraft Protection other than the "sweep account" from another deposit account. What new Reg DD changes would affect our bank?