Proposed New Legislation Will Limit Your Overdraft Protection

We have just learned that the House Financial Services Committee may begin debating two bills that could dramatically affect overdraft protection. The most significant development is that both bills (H.R. 3904 and S. 1799) have the backing of key leaders in both chambers.                  

The most damaging provision in the bills is one that would limit the number of times a credit union member could access overdraft protection to once per month and six times per year.  

Please go to the Grassroots Action Center, http://capwiz.com/cuna, and send a message to your U.S. Representative and to Senator Brown urging them to oppose these two bills.

We also have letters available in our offices for you to sign that we will fax to the legislative offices.

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