News & Analysis as of

Regulatory Requirements Financial Services Industry Insufficient Funds

Orrick, Herrington & Sutcliffe LLP

NYDFS issues request for information on overdraft fees, compliance costs, and consumer communications

On September 5, NYDFS issued a request for information (RFI) seeking further information from state-chartered banks, credit unions, and other stakeholders regarding overdraft and insufficient funds-related policies,...more

Awatif Mohammad Shoqi Advocates & Legal...

Cheque Bounce in 2025

In simple words, a cheque is an order to a bank to pay a particular sum of money from the account of the issuer of the cheque, written on a specifically printed form. The issuer of the cheque is called the drawer, while the...more

Ballard Spahr LLP

Minnesota federal court dismisses lawsuit against FDIC over NSF fee guidance

Ballard Spahr LLP on

On April 8, 2024, a Minnesota federal district court dismissed without prejudice the complaint filed by the Minnesota Bankers Association and Lake Central Bank (Plaintiffs) against the Federal Deposit Insurance Corporation...more

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