We use cookies to improve your experience and optimize user-friendliness. Read our privacy policy for more information on the cookies we use and how to delete or block them. To continue browsing our site, please click accept.
New accounts, large deposits and repeated overdrafts increase from $5,000 to $5,525
Deposits of non next-day checks to be available by the next business day increase from $200 to $225
The amount a credit union must make available when using the permissive adjustment to the funds-availability rules for withdrawals by cash or other means from $400 to $450
In addition to the check hold amount changes, civil liability will increase from $1,000 to $1,100 and $500,000 to $552,500.
Author
John Zasada, JD, CAMS – Regulatory Consulting Director, Financial Institutions Group. John can be reached at zasada@doeren.com.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
To View this Resource
A quick registration is required to view our resources. You will only be asked to do this one time (unless you don't save your browser cookies).