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08/19/2022

Supervisory Guidance on Multiple Re-Presentment NSF Fees

FDIC

Summary:

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.

 

Statement of Applicability:

The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.

 

Distribution:

FDIC-Supervised Institutions

Read the FIL

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