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overdraft privilege

New Overdraft Program Fuels Growth and Member Services


As the Missouri Credit Union Association continues (MCUA) to support the efforts of member credit unions in providing their members with the financial products and services they need, we are ever mindful of the importance of endorsing strategies that not only have a positive impact on credit union performance, but are also fully compliant and member-friendly.

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The Road to a Fully Compliant Overdraft Solution


There is no such thing as too much account holder communication when it comes to overdraft programs. As an early proponent of socially responsible overdraft programs, John M. Floyd & Associates (JMFA) is at the forefront of consumer education initiatives that greatly enhance the success of credit unions’ overdraft strategies. 

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Full Disclosure Remains Key to Maintaining Compliant Overdraft Programs


A year after the release of a white paper that summarized its initial findings from an analysis of overdraft practices used in nine large banks, the Consumer Financial Protection Bureau (CFPB) has changed the date for further pre-rule activities on overdraft programs to February 2015, according to its Spring 2014 rulemaking agenda.

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