Search Results
Journal Article
New rules aim to clarify overdraft information
New amendments to Regulation DD address how banks inform their customers about bounced-check protection services.
Working Paper
Fedwire Funds Service: Payments, Balances, and Available Liquidity
We analyze the universe of payments settled through the Fedwire Funds Service--the primary U.S. real-time gross settlement service operated by the Federal Reserve--for the period January 2004 to December 2020. We report on trends in payments volume, payments value, balances, and overdrafts, in addition to documenting changes in the behavior of financial institutions transacting via the Fedwire Funds Service.
Journal Article
Large-dollar payment flows from New York
Journal Article
Comment sought for charging fees on all daylight overdrafts
Journal Article
Billion-dollar overdrafts: a payments risk challenge
Special issue on payments system risk
Journal Article
Daylight overdrafts: rationale and risks
Discussion Paper
Consumer testing informs policy: overdraft regulation as a case study
In November 2009, the Board of Governors of the Federal Reserve System issued regulations that protect consumers from being charged certain fees when, under a discretionary overdraft service, financial institutions pay transactions from a deposit account that contains insufficient funds. Under the regulations, consumers must receive notices that explain any discretionary overdraft services offered to them by their bank. In addition, consumers may not be charged overdraft fees for ATM or one-time debit transactions unless they have opted in to this service. During the rulemaking process, the ...