Steve Simpson

Quandary 2021: Responding to Competitive Shifts in Overdraft Fees

News of waiving overdraft fees may sound like a big win for consumers. But it comes with a pile of unintended consequences. Checking fee income is facing extreme downward pressure during 2021, influenced by competitive factors and the specter of greater future regulation. For an America that’s benefited from more than $5 trillion of stimulus money, news of waiving overdraft fees may sound like another big win for the consumer.