Will Your NSF Revenue Crash July 1?
December 16th, 2009
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Seems one of the best kept secrets in banking today — including among financial services workers — is the big change to how financial organizations must handle insufficient fund transactions beginning July 1, 2010.
This past November 12, the Federal Reserve issued its final rules that it believes will protect consumers from excessive overdraft fees. Congress can still tinker with the details, so I won’t go into an explanation here. What’s most important about the Fed’s new rules is this:
