The Overdraft Fee Landscape

Credit Union News Network

Player FM - Internet Radio Done Right

تمت الإضافة منذ eleven أسبوع
Looks like the publisher may have taken this series offline or changed its URL. Please contact support if you believe it should be working, the feed URL is invalid, or you have any other concerns about it.

المحتوى المقدم من Credit Union Exam Solutions and Credit Union Exam Solutions By Mark Treichel. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Credit Union Exam Solutions and Credit Union Exam Solutions By Mark Treichel أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

<div class="span index">1</div> <span><a class="" data-remote="true" data-type="html" href="/series/uncuffed">Uncuffed</a></span>

1
Uncuffed

إلغاء الاشتراك

منذ 10 أياممنذ 10d ago

إلغاء الاشتراك

شهريا

Uncuffed empowers people in California prisons to tell their own stories. The award-winning collaboration between incarcerated student producers and professional journalists shines light on the human experience of people before, during, and after their prison terms. The new Season 4 is hosted by formerly incarcerated producer Greg Eskridge. https://www.WeAreUncuffed.org

منذ عام واحد 5:14

MP3•منزل الحلقة

سلسلة مؤرشفة ("تلقيمة معطلة" status)

When? This feed was archived on February 03, 2025 02:37 (1M ago). Last successful fetch was on December 26, 2024 17:35 (2M ago)

Why? تلقيمة معطلة status. لم تتمكن خوادمنا من جلب تلقيمة بودكاست صحيحة لفترة طويلة.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Overdraft Fee Developments and Impact on Credit Unions**

**Host:** Larry Ledger
**Sponsored by:** Credit Union Exam Solutions
**Original Source:** Based on reporting by Polo Rocha, American Banker (December 2024)

## Episode Overview
Analysis of the latest developments in overdraft fee regulations and their impact on credit unions, including CFPB's proposed rule and industry responses.

## Key Segments Covered:
* CFPB's Proposed Overdraft Rule Overview
* Industry-Wide Revenue Changes
* Financial Institution Earnings Impact
* Rule Exemptions and Scope
* NCUA's Regulatory Scrutiny
* Demographic Impact of Overdraft Fees

## Key Statistics:
* Banking sector overdraft revenue drop: $11.7B (2019) to $6B (2023)
* 443 credit unions generated $916M in overdraft-related revenues (Q1)
* 3% of credit union revenues from overdraft-related fees

## Notable Quote:
Jim Nussle, America's Credit Unions CEO, on consumers needing access to services that "allow them to make ends meet without having to choose between buying groceries or paying a utility bill."

## Key Takeaways for Credit Unions:
1. Stay informed about regulatory changes
2. Review current overdraft practices
3. Consider impact on vulnerable members
4. Monitor legal challenges
5. Evaluate alternative member solutions

## Resources Mentioned:
* CFPB Proposed Overdraft Rule
* NCUA Guidance on Overdraft Practices
* Financial Health Network Research
* KBRA Financial Intelligence Data

## Connect With Us:
* Website: marktreichel.com
* LinkedIn: Mark Treichel (The NCUA Interpreter)
* Sponsor: Credit Union Exam Solutions

## Next Steps:
Contact Credit Union Exam Solutions for guidance on navigating regulatory changes and ensuring compliance with NCUA requirements.

---
*Credit Unions This Week is sponsored by Credit Union Exam Solutions, helping credit unions navigate NCUA examinations efficiently and effectively.*

7 حلقات

#Business News #Podcasting Education #News #Credit Union Exam Solutions #Credit Union Exam Solutions by Mark Treichel #Credit Unions Regulators Cfpb Ncua Examinations

Credit Union News Network

The Overdraft Fee Landscape

Credit Union News Network

published منذ عام واحد

MP3•منزل الحلقة

سلسلة مؤرشفة ("تلقيمة معطلة" status)

When? This feed was archived on February 03, 2025 02:37 (1M ago). Last successful fetch was on December 26, 2024 17:35 (2M ago)

Why? تلقيمة معطلة status. لم تتمكن خوادمنا من جلب تلقيمة بودكاست صحيحة لفترة طويلة.

Overdraft Fee Developments and Impact on Credit Unions**

**Host:** Larry Ledger
**Sponsored by:** Credit Union Exam Solutions
**Original Source:** Based on reporting by Polo Rocha, American Banker (December 2024)

## Episode Overview
Analysis of the latest developments in overdraft fee regulations and their impact on credit unions, including CFPB's proposed rule and industry responses.

## Resources Mentioned:
* CFPB Proposed Overdraft Rule
* NCUA Guidance on Overdraft Practices
* Financial Health Network Research
* KBRA Financial Intelligence Data

## Connect With Us:
* Website: marktreichel.com
* LinkedIn: Mark Treichel (The NCUA Interpreter)
* Sponsor: Credit Union Exam Solutions

## Next Steps:
Contact Credit Union Exam Solutions for guidance on navigating regulatory changes and ensuring compliance with NCUA requirements.

---
*Credit Unions This Week is sponsored by Credit Union Exam Solutions, helping credit unions navigate NCUA examinations efficiently and effectively.*

7 حلقات

#Business News #Podcasting Education #News #Credit Union Exam Solutions #Credit Union Exam Solutions by Mark Treichel #Credit Unions Regulators Cfpb Ncua Examinations

كل الحلقات

1
CFPB Supervisory Highlights: Focus on Student Loans 5:19

منذ 10 weeks5:19

5:19

www.marktreichel.com **Special Edition: CFPB Student Lending Supervisory Highlights** **Host:** Larry Ledger **Sponsored by:** Credit Union Exam Solutions ## Episode Overview Analysis of CFPB's 36th edition of Supervisory Highlights focusing on student lending practices and implications for credit unions. ## Key Topics Covered: * Student lending market size ($1.77 trillion in outstanding balances) * CFPB's findings on deceptive refinancing practices * Issues with unemployment protection benefits * Problematic collection tactics * Electronic funds transfer violations * Federal student loan repayment challenges ## Key Takeaways for Credit Unions: 1. Review student loan refinancing program disclosures 2. Ensure sustainability of advertised benefits 3. Evaluate collection practices 4. Verify electronic funds transfer processes 5. Document policies and procedures thoroughly 6. Monitor application processing times 7. Use compliance as competitive advantage ## Resources Mentioned: * CFPB Supervisory Highlights (36th Edition) * Credit Union Exam Solutions services * Mark Treichel's expertise as "The NCUA Interpreter" ## Connect With Us: * Website: marktreichel.com * LinkedIn: Mark Treichel (The NCUA Interpreter) * Sponsor: Credit Union Exam Solutions ## Episode Quotes: "In today's regulatory environment, it's not enough to just follow the rules - you need to demonstrate a commitment to fair lending practices and member service." ## Next Steps: Contact Credit Union Exam Solutions to ensure your credit union's compliance with CFPB and NCUA regulations while saving time and money on examinations. --- *Credit Unions This Week is sponsored by Credit Union Exam Solutions, helping credit unions navigate NCUA examinations efficiently and effectively.*…

1
Fintech Revolution in Crisis: Missing Funds, Evolve Bank Fallout, and Lessons for Credit Unions 3:03

منذ 10 weeks3:03

3:03

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/

1
The Overdraft Fee Landscape 5:14

منذ 11 weeks5:14

5:14

Overdraft Fee Developments and Impact on Credit Unions** **Host:** Larry Ledger **Sponsored by:** Credit Union Exam Solutions **Original Source:** Based on reporting by Polo Rocha, American Banker (December 2024) ## Episode Overview Analysis of the latest developments in overdraft fee regulations and their impact on credit unions, including CFPB's proposed rule and industry responses. ## Key Segments Covered: * CFPB's Proposed Overdraft Rule Overview * Industry-Wide Revenue Changes * Financial Institution Earnings Impact * Rule Exemptions and Scope * NCUA's Regulatory Scrutiny * Demographic Impact of Overdraft Fees ## Key Statistics: * Banking sector overdraft revenue drop: $11.7B (2019) to $6B (2023) * 443 credit unions generated $916M in overdraft-related revenues (Q1) * 3% of credit union revenues from overdraft-related fees ## Notable Quote: Jim Nussle, America's Credit Unions CEO, on consumers needing access to services that "allow them to make ends meet without having to choose between buying groceries or paying a utility bill." ## Key Takeaways for Credit Unions: 1. Stay informed about regulatory changes 2. Review current overdraft practices 3. Consider impact on vulnerable members 4. Monitor legal challenges 5. Evaluate alternative member solutions ## Resources Mentioned: * CFPB Proposed Overdraft Rule * NCUA Guidance on Overdraft Practices * Financial Health Network Research * KBRA Financial Intelligence Data ## Connect With Us: * Website: marktreichel.com * LinkedIn: Mark Treichel (The NCUA Interpreter) * Sponsor: Credit Union Exam Solutions ## Next Steps: Contact Credit Union Exam Solutions for guidance on navigating regulatory changes and ensuring compliance with NCUA requirements. --- *Credit Unions This Week is sponsored by Credit Union Exam Solutions, helping credit unions navigate NCUA examinations efficiently and effectively.*…

1
Credit Union News: CFPB Fines, NCUA Rules, and Industry Trends | Weekly Update 4:17

منذ 11 weeks4:17

4:17

We are back!

1
NCUA's December Board Meeting 5:43

منذ 1 year5:43

5:43

Board Approves NCUA 2024–2025 and Central Liquidity Facility Budgets Board Action Bulletin Revises Operating Fee Schedule Methodology ALEXANDRIA, Va. (Dec. 14, 2023) – The National Credit Union Administration Board held its eleventh open meeting of 2023 and approved four items: The agency’s budget for 2024 and 2025. The Central Liquidity Facility budget for 2024. The issuance of a final notice on the Operating Fee Schedule Methodology. The issuance of a notice and request for comment on the existing Overhead Transfer Rate Methodology. Budget Approved for 2024 & 2025 The NCUA Board unanimously approved the agency’s Operating, Capital, and National Credit Union Share Insurance Fund administrative budgets for 2024 and 2025(opens new window) . “The recommended budget before us represents a consensus. It includes compromises by all of us at the table,” Chairman Todd M. Harper said. “Give and take is essential to any organization’s policymaking and budgeting process, and the budget before us reflects that principle in action. This funding plan provides sound financial stewardship and will allow the NCUA to execute its financial stability and consumer financial protection missions over the next two years.” Combined, the 2024 Operating, Capital, and Share Insurance Fund administrative budgets will be $385.7 million and 1,247 staff positions. This is $8.8 million less than in the staff draft budget. The combined budget for 2025 is $433.3 million, with 1,251 staff positions. Budget20242025 Operating | $374.5 million | $418.4 million Capital | $6.1 million | $10.0 million Share Insurance Fund Administrative | $5.1 million | $4.9 million Grand Total* | $385.7 million | $433.3 million Information on the NCUA’s budget can be found on the Budget and Supplementary Materials page on NCUA.gov. Central Liquidity Facility Budget Approved The Board unanimously approved the 2024 Central Liquidity Facility Budget(opens new window) of $2,199,065. Said Chairman Harper, “In this current economic environment of heightened interest rates and liquidity risk for credit unions, including several with over $1 billion in assets, the role of the Central Liquidity Facility as a liquidity backstop has assumed even greater importance. The saying, “there’s strength in numbers,” is especially applicable to the CLF because the more members it has, the more effective it is as a liquidity facility.” The NCUA Board, in its capacity as the CLF Board, must approve the CLF’s budget. In prior years, the CLF’s expenditures were accounted for in the NCUA operating budget. This request for approval of the CLF budget reflects the recent NCUA Board decision to strengthen the independence of the CLF and separate its budget from the NCUA operating budget. The 2024 CLF budget justification is available on the NCUA website(opens new window) . The document includes information on the spending categories, sources and uses of funds, and planned activities. Board Approves Final Notice on Operating Fee Schedule Methodology The NCUA Board unanimously approved the issuance of a final notice(opens new window) making the following revisions to the Operating Fee Schedule methodology: Increasing the fee exemption asset threshold below which federal credit unions are not required to pay the operating fee from $1 million to $2 million. Increasing the fee exemption asset threshold in future years by the aggregate growth rate for federal credit union assets. “Raising the operating fee exemption threshold to $2 million and indexing that threshold for inflation will provide a measure of relief to these institutions, bring the threshold back into alignment with where it once was, and keep it there going forward,” said Harper. “As I said when this rule was proposed, that’s a positive and welcome change for our smallest institutions.” At its June 2023 meeting, the NCUA Board unanimously approved the issuance of a notice and request for comment(opens new window) about adjustments to the methodology the NCUA uses to determine how it apportions operating fees charged to federal credit unions. The Board uses these operating fees to fund part of the NCUA’s annual budget. The proposal provided for a 60-day comment period that ended on September 5, 2023. Board Approves Request for Comment on Overhead Transfer Rate Methodology The NCUA Board unanimously approved the issuance of a notice and request for comment(opens new window) on the existing Overhead Transfer Rate (OTR) methodology. The Board is inviting comment on the NCUA’s methodology to determine the OTR. The request for comment clarifies the four principles for calculating the OTR and the various cost allocations associated with the calculation. Said Chairman Harper, “Calculating the OTR is complicated. It’s a classic Goldilocks-style dilemma. Adjust it too low, and federal credit unions must pay a greater portion of the agency’s budget. Calculate it too high, and funding the agency could fall disproportionately on state-chartered credit unions and insufficiently reflect the contribution of state supervisory agencies. Therefore, it is incumbent on the NCUA to get it just right. I encourage stakeholders in both the federal and state-chartered systems to provide their feedback.” In 2017, the NCUA published in the Federal Register a request for comment regarding a revised OTR methodology based on the Board’s internal assessment and comments received from a 2016 request for comment. The primary goal of the proposed changes to the OTR methodology at that time was to simplify the methodology and reduce the resources needed to administer the OTR. The Board committed to subjecting the four principles to public comment every three years and in the event the Board proposes a change to one or more of the principles. Comments are due 60 days after the notice’s publication in the Federal Register . Follow @TheNCUA(opens new window) on X and access Board Action Memorandums and NCUA rule changes at www.ncua.gov . The NCUA also live streams, archives, and posts videos of open Board meetings online.…

1
Former NCUA Chief of Staff Lenwood Brooks 29:00

منذ 1 year29:00

29:00

This is an interview with Lenwood Brooks about his time at NCUA. Check out our other Podcast: With Flying Colors where we provide tips on how to succeed on the NCUA exams.

1
NCUA Issues its Draft 2024 Budget 23:28

منذ 1 year23:28

23:28

You can find the draft budget here: https://ncua.gov/files/publications/budget/budget-justification-proposed-2024-2025.pdf

مرحبًا بك في مشغل أف ام!

يقوم برنامج مشغل أف أم بمسح الويب للحصول على بودكاست عالية الجودة لتستمتع بها الآن. إنه أفضل تطبيق بودكاست ويعمل على أجهزة اندرويد والأيفون والويب. قم بالتسجيل لمزامنة الاشتراكات عبر الأجهزة.

الاستماع إلى +500 موضوع

المدونة الصوتية تستحق الاستماع

1
Uncuffed

Credit Union News Network « »
The Overdraft Fee Landscape

سلسلة مؤرشفة ("تلقيمة معطلة" status)

The Overdraft Fee Landscape

سلسلة مؤرشفة ("تلقيمة معطلة" status)

المدونة الصوتية تستحق الاستماع

كل الحلقات

1
CFPB Supervisory Highlights: Focus on Student Loans 5:19

1
Fintech Revolution in Crisis: Missing Funds, Evolve Bank Fallout, and Lessons for Credit Unions 3:03

1
The Overdraft Fee Landscape 5:14

1
Credit Union News: CFPB Fines, NCUA Rules, and Industry Trends | Weekly Update 4:17

1
NCUA's December Board Meeting 5:43

1
Former NCUA Chief of Staff Lenwood Brooks 29:00

1
NCUA Issues its Draft 2024 Budget 23:28

مرحبًا بك في مشغل أف ام!

المدونة الصوتية تستحق الاستماع

Credit Union News Network « » The Overdraft Fee Landscape

سلسلة مؤرشفة ("تلقيمة معطلة" status)

The Overdraft Fee Landscape

سلسلة مؤرشفة ("تلقيمة معطلة" status)

المدونة الصوتية تستحق الاستماع

مرحبًا بك في مشغل أف ام!

دليل مرجعي سريع

Credit Union News Network « »
The Overdraft Fee Landscape