Overdrafts

A judge dismissed two of the six counts against the Mass.-based credit union, meaning DFCU will join several other CUs nationwide facing similar suits.

Payday lenders scored a victory when the bureau committed to proposing changes next year, but they expressed disappointment that the revamp will not address a key payment-processing provision.

In a letter Monday to Federal Reserve Board Chairman Jerome Powell, the four House Democrats argued that the nation’s aging payments system is contributing to economic inequality.

A high-profile media story is painting the industry in a negative light and should be cause for some CUs to re-examine their profit model.

For more than a year, the central bank has been under pressure to speed the development of a real-time payment system. But it faces tough questions about what its own role should be.

Apple Federal Credit Union and Envision CU are the latest to be targeted in a growing trend as plaintiffs go after credit unions alleging deceptive overdraft practices.

Readers weigh in on bank overdraft policies, react to megabank capital standards, respond to Sen. Heidi Heitkamp's tough re-election bid and more.

The service can be useful for customers short on cash, but financial institutions need to clarify overdraft rules and develop alternative forms of credit.

The service can be useful for customers short on cash, but financial institutions need to clarify overdraft rules and develop alternative forms of credit.

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