California Department of Business Oversight issues guidance to financial institutions

March 25, 2020

Subscribe Today

The California Department of Business Oversight (DBO) issued guidance to financial institutions to waive fees (ATM, overdraft, late payment, early withdrawal penalties), increase ATM daily cash withdrawal limits, ease restrictions on cashing out-of-state and non-customer checks, increasing credit card limits for creditworthy borrowers, and offer payment accommodations to avoid delinquencies and negative credit bureau reporting caused by Covid-19-related disruptions.

View Article Source →

Stay Informed, Subscribe to the Compliance Newshub

Subscribe Now