Overdraft Revenues Hold Firm But Regulators May Step In

Wack, Kevin
June 2013
American Banker;6/ 4/2013, Vol. 178 Issue 85, p16
Trade Publication
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.


Related Articles

  • Surprisingly Strong Opt-In For Overdraft. Horwitz, Jeff // American Banker;9/28/2010, Vol. 175 Issue 149, p1 

    The article reports that federal rules barring U.S. banks from providing overdraft banking services to those who don't explicitly sign up for them appear not to have diminished demand for overdraft coverage as much as originally feared. Data from consultant Moebs Services indicate between 60%...

  • The Over Under. Birch, Ray // Credit Union Journal;6/10/2013, Vol. 17 Issue 23, p1 

    The article reports that the overdraft income of U.S. banks, thrifts and credit unions dropped by about 1 billion dollars in the first quarter of 2013, based on a study by Moebs Services. Moebs Services chief executive and economist Michael Moebs said that it was caused by consumers getting...

  • Surprisingly Strong Opt-In For Overdraft Protection. Horwitz, Jeff // CardLine;10/1/2010, Vol. 10 Issue 41, p31 

    The article presents anecdotal reports and data on the shallow decline in overdraft business in the U.S. in 2010. The Moebs Services Inc. data, collected from a survey of nearly 2,300 banks, state that opt-in rates ranged from 60-80% with almost all frequent overdrafters. Wesley Wilhelm of Aite...

  • As Overdraft Revenue Falls Overall, CUs Post First-Ever Decline in 2014. Passman, Aaron // Cujournal.com;3/12/2015, p1 

    The article discusses the highlights of a study on the U.S. overdraft sector for 2014 from Moebs Services. It reports that total overdraft revenue fell by 0.31%, with credit unions posting a 3.9% decline. It adds that thrift banks exceeded credit unions' overdraft declines with a 7.3% slide...

  • Consumers Affirming Value of Overdraft Services.  // Independent Banker;Nov2010, Issue 11, p16 

    The article focuses on the support of consumers on overdraft services which include a study on the appreciation of American consumers on overdraft protection, a report from Moebs Services Inc. on the recovery of total industrywide overdraft program revenues from the Regulation E disclosure...

  • Analysis: Bigger The CU, Bigger The OD Fee. Birch, Ray // Credit Union Journal;1/28/2013, Vol. 17 Issue 4, p25 

    The article discusses the result of the survey conducted by the Moebs Services Inc. which found the direct statistical relation of financial institution assets size to overdraft fees in the U.S.

  • Overdraft Revenue Falls. STROZNIAK, PETER // Credit Union Times;6/12/2013, Vol. 24 Issue 22, p5 

    The article presents information on a report by the economic research firm Moebs Services Inc. which revealed that overdraft revenue fell by 1 billion U.S. dollars for credit unions.

  • States Don't Wait for Fed To Rule on Overdraft. Thompson, Laura K. // American Banker;11/24/2003, Vol. 168 Issue 226, p1 

    Since the start of the year, the U.S. Federal Reserve has been sifting through comment letters on the topic of overdraft protection services and whether those services as currently offered by banks violate truth-in-lending laws. In the interim, some states are taking action on their own. Most...

  • Consumers Welcome Scrutiny of Bank Overdraft Practices. Crowell, Charlene // Chicago Weekend;3/21/2012, Vol. 42 Issue 11, p4 

    The article focuses on a roundtable discussion in New York City on February 22, 2012 between bankers and consumer advocates which focused on Bank Overdraft Practices in the U.S.


Read the Article


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

Try another library?
Sign out of this library

Other Topics