A Real Rough Draft from The FDIC

Sisk, Michael
January 2011
Bank Technology News;Jan2011, Vol. 24 Issue 1, p1
Trade Publication
The article reports on the issuance of final guidance for overdraft payment programs by the Federal Deposit Insurance Corp. (FDIC) that will challenge banks to adapt their processes, systems and products by the given deadline. It notes that the new guidance will require banks to monitor demand deposit account (DDA) and limit the use of overdraft coverage as a form of short-term, high-cost credit. Banks should consider eliminating overdraft fees for transactions that overdraw by small amounts.


Related Articles

  • Outdoing Fed, FDIC Targets Checks, ACH. Adler, Joe // American Banker;8/12/2010, Vol. 175 Issue 124, p1 

    The article reports on the Federal Deposit Insurance Corp. (FDIC) which is proposing guidelines for the U.S. banking industry regarding overdraft fees. The FDIC's guidelines extend beyond the rules of the U.S. Federal Reserve Board. The FDIC wants consumers to be able to opt out of overdraft...

  • Gaming Overdraft.  // Bank Technology News;May2011, Vol. 24 Issue 5, p1 

    The article focuses on the effect of the guidance on customer overdraft released by Federal Deposit Insurance Coverage (FDIC) on banks and vendors of overdraft software. It states that vendors intend to sell banks with analytics that could help banks detect customer that use excessively the...

  • COMPLIANCE MATTERS.  // Credit Union Magazine;Jan2011, Vol. 77 Issue 1, p50 

    The article reports on the move of the Federal Deposit Insurance Corp.(FDIC) to finalize guidance that restricts automated overdraft programs offered by banks. It notes the expectation of FDIC for banks to manage reputational risks by providing less costly alternatives to a person who overdrafts...

  • FDIC Moves To Soften Stance on Overdrafts. Adler, Joe // American Banker;4/8/2011, Vol. 176 Issue F314, p1 

    The article reports on Federal Deposit Insurance Corp.'s (FDIC's) guidelines for overdrafts. Cynthia Blankenship, vice chairman and chief operation officer at Bank of the West, mentions her idea of communicating with customers in periodic statements about repeatedly incurred overdraft charges....

  • Clash in Store as FDIC Sets Deposit Insurance Hearings.  // American Banker;4/24/2000, Vol. 165 Issue 78, p2 

    Focuses on the hearings scheduled by the United States Federal Deposit Insurance Corp. to address issues on bank deposits in the country. Sectors represented in the hearing; Discussion of the amount of insurance coverage needed by depositors.

  • Bank Mortgage Portfolios Increased 1.4%.  // National Mortgage News;3/5/2012, Vol. 36 Issue 23, p14 

    The article reports on the 1.4% increase in bank mortgage portfolio at the Federal Deposit Insurance Corp. for the fourth quarter of 2011 in the U.S.

  • La Palma Stands Out on OC Bank Deposits. JANE YU; HUGHES, PAUL // Orange County Business Journal;8/4/2014, Vol. 37 Issue 31, p8 

    The article focuses on the concentrations of bank deposits in La Palma, California based on the data from the Federal Deposit Insurance Corp. in Orange County.

  • Unclaimed-Fund Database Unveiled. Blackwell, Rob // American Banker;8/28/2001, Vol. 166 Issue 166, p5 

    Cites the United States Federal Deposit Insurance Corp.'s launch of a Web site that lets users search a database of unclaimed funds from failed banks or thrifts. Period covered by the database; Reversion of funds to the state of the failed institution if the depositor's address is not known.

  • Deposits Reach An All-Time High In Q1.  // Credit Union Journal;6/6/2011, p25 

    The article offers information on the highest deposits in the Federal Deposit Insurance Corporation (FDIC)-insured institutions amounting to eight trillion dollars fro the first quarter of 2011.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics