Economic and CU Monitor (Special Topic: Overdraft & Courtesy Pay Programs) - June 2015

This month's special topic: 

Overdraft & Courtesy Pay Programs

It is no secret that the Consumer Financial Protection Bureau (CFPB) has taken a heightened interest in overdraft programs. Last July, the agency released a study focusing on consumer’s use of overdraft services, and a June 2013 white paper included a review of institutional overdraft policies. Both papers focused on large banks. And in April, the CFPB leveled its first enforcement action related to overdraft and non-sufficient funds charges to Regions Bank in Alabama ($121 billion in assets), totaling over $56 million in fines and customer refunds. However, respondents to NAFCU’s Economic & CU Monitor survey bear little resemblance to these large banks, and their overdraft programs are distinctively member-focused.

NAFCU's Economic and CU Monitor is a NAFCU member-only monthly report of the latest macroeconomic and financial trends affecting today's credit unions, including trend data among NAFCU member credit unions.




Already a member? Log in

NAFCU Members Get More

This page contains member-only content.

Membership is open to all federally insured credit unions in the United States, both federally and state-chartered. Members enjoy:

  • Hundreds of articles and resources
  • Personalized compliance assistance
  • Discounts on top-rated education opportunities
  • Member-only benefits and savings

Interested? Schedule a Customized Membership Webinar

If you are already logged in and believe you should have access to member-only content, please contact us for assistance at