'List Price' Not True OD Price Created by m.moebs on 10/24/2022 1:34:24 PM
CU Today publication took a different perspective than the M$ original report sent you yesterday.
Reminds me of taking a road racing Jaguar for a spin on the country roads of Great Britain, and reading the manual on windscreen wipers, “. . . and the fourth setting is for motoring in the rain in excess of 120 mph.”
10/23/2022 01:17 pm
By Ray Birch
LAKE FOREST, Ill.—The pace of overdraft price cuts by financial institutions could quicken, according to new data that show the big players are forcing down the price of the service at a record pace.
In releasing its findings, Moebs $ervices pointed out there is a difference between the median “list price” for overdrafts—the typical measurement used in OD surveys—and the median “actual price” being paid by consumers across the nation.
“If financial institutions see this clearly I believe many more will cut their prices, and some maybe even further than they already have,” said Michael Moebs, economist and CEO at Moebs $ervices. READ FULL ARTICLE