In President Joe Biden’s State of the Union address on February 7, he called on Congress to crack down on “junk fees.” He defined the term in his address as “those hidden surcharges too many companies use to make you pay more.” Among those attributed to this murky category were charges related to overdraft services.
The FedNow® Service has launched. Now what? It’s essential to educate yourself and continue building your credit union’s strategic plan regarding its role in faster payments. Here are six key steps to consider.