Recent Regulatory Guidance

Over the course of the past few weeks, both the Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau (CFPB or Bureau) have released guidance for banks that is worth mentioning. First, on April 26, 2023, the FDIC issued a Financial Institution Letter (FIL) titled Supervisory Guidance on Charging Overdraft Fees for Authorize Positive, Settle Negative Transactions (FIL-19-2023). Continue Reading >