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Overdrafts and UDAP

Answered by: 

Question: 
Is UDAP (Unfair or Deceptive Acts or Practices) a concern with overdraft services?
Answer: 

The prohibition against UDAP applies to all products and services offered by financial institutions, including automated overdraft payment programs, and regardless of whether such programs are offered directly or indirectly through a third party
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Learn more about Jerod Moyer’s webinar Overdrafts: What you need to know now!

First published on 11/27/2016

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