There has been some confusion at my bank about holds based on repeated overdrafts. It is my understanding that this exception hold is based on the number of days overdrawn and not the number of items. For example, in a situation where a customer has only had two overdrafts, but the account remained negative for […]

The post Compliance question of the month: How does a bank determine the Reg CC hold for repeated overdrafts? appeared first on ABA Banking Journal.