ATM and Overdraft Fees Keep Increasing
Amanda Dixon, in an October 2, 2019 article in bankrate.com, reports that ATM and Overdraft fees have risen steadfastly over the last 20 years.
Credit unions have become dependent on fees even to the point that some subsidize their loan programs with fee income. This trend has attracted the attention of litigators and legislators. Credit unions should make sure their loan programs are profitable and not dependent on fee income to subsidize lending.
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