Could the CFPB’s new proposal be the end of the overdraft business in traditional banking? Not likely so, but there’s a lot of detail to digest in the agency’s latest proposal. For example: its link to Reg Z. buff.ly/42MAjIr

The CFPB is sending a “clear deterrent message to entities that are within our authority” by hiring about 75 more staffers, including attorneys, economists and paralegals, over the course of 2024. buff.ly/3uFur72

NCUA Chairman Todd Harper thinks the credit union industry needs to remember what happened to Blockbuster Video when it comes to overdraft programs. He says “profiting from consumers’ problems can come back and bite you." buff.ly/3P9NnBN

Robert McGarvey of the CU 2.0 Podcast knows that a revolution is brewing when it comes to overdrafts, so he invited us to talk about how CUs have a choice: play the part of the villain or the hero—and how they may not have much time to make that choice. buff.ly/3Tm3UFs

California’s AGl notified state-charted FIs that overdraft fees may violate the state’s Unfair Competition Law (UCL) and the federal Consumer Financial Protection Act (CFPA). We’ve been helping customers tackle these issues and are at the ready to help! buff.ly/49ECdxk

Large banks are so reliant on fee-based revenue that Goldman Sachs Equity Research predicts changes could have an average impact on EPS of -2.4% in 2025. buff.ly/3Iz1E7k

There’s a message in the overdraft fray that we’re missing, according to our friends at Velocity Solutions: overdraft is here to stay. Yet, there’s more work to be done to ensure the industry is able to deliver the service fairly and consistently for all.

A group of nearly 150 organizations has called for the CFPB to lower the overdraft threshold even more than proposed—from $14 to $3. Yet another group has voiced strong opposition to the same proposed rule. buff.ly/3VXlSzG

As the comment period for the new CFPB overdraft rule closes, banks are raising concerns that the rule itself violates the organization’s own founding statue by limiting how much they can charge when customers overdraw their accounts. buff.ly/3vWEV2z

The CFPB just set a record for fair lending enforcement actions and DOJ referrals. While they’re separate issues, it once again shows that the agency isn’t holding back—and we have no reason to think that won’t hold true for overdraft as well. buff.ly/3S2NfWd

9 in 10 U.S. workers are struggling to meet basic living expenses, and 44% are living paycheck to paycheck. Its more important than ever for FIs to understand the need for services like overdraft—and offer flexibility, transparency & control accordingly. buff.ly/4ePpoDr

How do you reach a generation that’s desensitized to digital advertising? The Financial Brand has some tips on how you can think strategically about how to reach Gen Z buff.ly/4c8FJkN

We are excited about the Jack Henry Connect Conference! Please stop by Booth #909 to say Hi!

December surprises shouldn't cost $35. DoubleCheck alerts you before overdraft fees hit, so you decide what happens with your money. Not the other way around. Ask your bank or credit union for DoubleCheck. #DoubleCheck #Personalfinance

As the year winds down, we wish you one thing...peace of mind. Peace that comes from seeing your money clearly. Peace that lets you enjoy the holidays without stress creeping in. Peace to be fully present.🎄 #DoubleCheck #Holidays #ChristmasEve #Christmas2025 #FinancialPlanning

Sometimes, clarity is what changes everything. DoubleCheck gives you a clear view of what’s coming. So you can make decisions with confidence and move through December, a little calmer and a lot more control.💚 #DoubleCheck #Money #PeaceOfMind #FinancialLiteracy

If you’ve ever thought, “I wish I’d seen that coming,” this is for you! Stop finding out about overdrafts after the damage is done and start getting the heads‑up you deserve. Ask your institution to DoubleCheck! #DoubleCheck #DecemberSpending

If this looks familiar, you’re not alone. 😓 DoubleCheck gives you a heads-up before a payment becomes an overdraft or NSF fee, so you decide what happens next. If your bank doesn’t offer this yet, ask for it. Tag them. #OverdraftFees #NSFFees #BetterBanking

DoubleCheck alerts you before a payment pushes your balance too far, so you can act before your payment is returned. If your institution doesn’t offer this yet, ask for it. Tag your bank or credit union in the comments! #OverdraftFees #NSFFees #BankingTransparency

A lot of people end up at check cashers or payday lenders because of one bad timing moment. DoubleCheck helps ensure that moment doesn’t push you somewhere you shouldn’t have to be. Ask your bank or credit union for DoubleCheck. #OverdraftFees #BetterBanking