TITLE

Overdraft Revenues Hold Firm But Regulators May Step In

AUTHOR(S)
Wack, Kevin
PUB. DATE
June 2013
SOURCE
American Banker;6/ 4/2013, Vol. 178 Issue 85, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses overdraft revenue from fees imposed on customers by U.S. banks, thrifts, and credit unions in light of a first-quarter 2013 estimate from economic research firm Moebs Services. The company estimates fees from overdrawn accounts is $31.1 billion, only slightly higher than the estimate for the same period in 2012. Topics discussed include changes in how overdraft fees are assessed which affects revenue and banks' anticipation of regulation that will restrict fees.
ACCESSION #
88006675

 

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