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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

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Overdraft Payment Programs and Consumer Protection

FDIC Invites Comments on Overdraft Payment Supervisory Guidance

Summary: The FDIC expects the institutions it supervises to closely monitor and oversee any overdraft payment programs they offer to consumers. Such oversight should include appropriate measures to mitigate risks, incorporating the best practices outlined in the 2005 Joint Guidance on Overdraft Protection Programs, and effective management of third-party arrangements. Management should be especially vigilant with respect to product over-use that may harm consumers.

Comments Requested: As the FDIC continues its review of overdraft payment issues, we invite the views of affected institutions, consumers, and other interested parties on this supervisory guidance. Institutions and other parties that choose to respond should provide comments by September 27, 2010.

The comment period is closed.

All comments received will be posted generally without change, including any personal information provided.

See FDIC Financial Institution Letter FIL 47-2010 for additional information.

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Last Updated 10/19/2010

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