Recent 10th Circuit Decision Read Broadly Brings Comfort To Banks Sticking With Overdraft Fees

LexisNexis (July 15, 2022, 12:25 PM EDT) -- A recent decision by the 10th Circuit is bringing some comfort to depositary institutions determined to maintain a significant income stream generated from overdraft fees despite increasing peer competition and heavy pressure from the federal banking regulators to walk away from the fees. The court’s holding narrowly refers to a particular form of overdraft fees, but the decision reasonably can be read more broadly....