Now that the election is over, there is much speculation about how a Trump presidency will impact our industry. Most everything we read is positive, especially about the future of automated overdraft programs.
In particular, we are encouraged by:
- Recent news articles regarding the future role of the CFPB
- Trump's promise to eliminate two regulations for every one enacted, including bank regulations
- A recent Federal Reserve-sponsored webinar that suggested the regulatory bodies are not looking for a major overhaul in overdraft programs, but instead are focusing on the inner workings of an overdraft program.