The FDIC is issuing guidance to FDIC-supervised institutions to address certain consumer compliance risks associated with assessing multiple non-sufficient funds (NSF) fees arising from the re-presentment of the same unpaid transaction, Additionally, the FDIC is sharing its supervisory approach when a violation of law is identified, as well as expectations for full corrective action.
See the attached Supervisory Guidance on Multiple Re-Presentment NSF Fees for more information.
The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.
FDIC-Supervised Institutions