CFPB: Overdraft Revenue Increased in 2022, Down 20% Overall Since 2019

The Consumer Financial Protection Bureau launched an article today that revealed that overdraft earnings has actually increased over the previous year, based upon the CFPB’s analysis of Call Report information. The CFPB discovered that the current boost in overdraft earnings is biggest amongst neighborhood and midsize banks. However, the information reveal that total overdraft earnings is down 20% given that the beginning of the COVID-19 pandemic in 2019.

Observing that numerous banks revealed modifications to their overdraft programs in late 2021 and 2022, the CFPB mentioned that it is an “open question how these program changes, once implemented, translate into changes in overdraft/NSF fee revenues.”

The CFPB likewise kept in mind that account upkeep and ATM costs have actually increased given that 2020, consisting of at banks that experienced a reduction in overdraft earnings. Nonetheless, the CFPB mentioned that, for 2 banks whose ATM and account upkeep costs have actually increased considerably given that 2020, the boosts in earnings from these other costs were “far from sufficient to make up for the decline in overdraft/NSF fee revenues.”


A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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