In this Data Point we present the results of several analyses of consumers' experiences with overdrafts at a number of large banks. In many instances we break down our results by an account holder's status under Regulation E requirements (also known as “opt-in status”). This refers to the...

The Consumer Financial Protection Bureau (CFPB) released a data point update of its ongoing analyses of overdrafts. We review the report and provide commentary on its findings, methodology and the inferences of this update, specifically the potential to further restrict debit card overdrafts. We...

Clearing has been an important part of the banking system and will always remain a part of it for years to come. Clearing in banking indicates the transfer of fund from one person to another. This clearing of fund can take place in 2 ways either through cash or through cheque. There has been no...

Over the years, banks have been introducing automation to their own respective cheque collection podecures. Particularily, interbank facilities and large institutions have developed automated systems using cutting age technology in which very little is done manually and at the branch level