Transcription of Joint Guidance on Overdraft Protection Programs
{{id}} {{{paragraph}}}
Example: bankruptcy
Joint Guidance on Overdraft Protection Programs
Attachment Office of the Comptroller of the Currency Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation National Credit Union Administration Joint Guidance on Overdraft Protection Programs February 18,2005 The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), and National Credit Union Administration (NCUA), collectively the Agencies, are issuing this Joint Guidance concerning a service offered by insured depository institutions that is commonly referred to as bounced-check Protection or Overdraft Protection . This credit service is sometimes offered on both consumer and small business transaction accounts as an alternative to traditional ways of covering overdrafts.
an overdraft protection program, are subject to the safety and soundness considerations contained in this section. Institutions providing overdraft protection programs should adopt written policies and procedures adequate to address the credit, operational, and other risks associated with these types of programs.
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: