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Falling OD Price Increases OD Revenue
Created by m.moebs on 9/29/2022 10:38:34 AM

Overdrafts are not Junk Fees nor Surprise Fees.
Overdrafts are seat belts for the Checking Car for the Average American.
Your comments and questions are welcomed.
Semper, Mike

A Brand New Way of Measuring OD Price Shows Why OD Revenue Is Rising
"It is not just the overdraft price but also how one measures it that counts," Michael Moebs, Economist & CEO of Moebs Services (M$) a Financial Service Research Firm.
Lake Forest IL (September 29, 2022) British Prime Minister Winston Churchill said in a speech to the British Parliament House of Commons in 1948, 'Those that fail to learn from history are doomed to repeat it.” Overdraft  Revenue, for the 12 months ending June 30, 2022, is highest since the Great Recession ■ when OD revenue peaked. 
"At $34.4 Billion OD fees are only $2.4B or 6.9% off the highest amount of OD income at $36.88," notes Michael Moebs. 
This OD income comes from banks, credit unions, thrifts, and fintechs. It does include community banks and credit unions. The Consumer Financial Protection Bureau (CFPB) excludes community banks, credit unions and fintechs. Moebs Services surveyed over 3,109 financial institutions statistically selected by Professor of Mathematics & Statistics George Easton of Emory University in Atlanta, Georgia, which represent 36.1% of all 8,603 depositories offering checking. READ FULL ARTICLE

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