Regulatory Alerts2025-12-04
Bulletin #83: Non-Sufficient Funds Fees
The Maine Bureau of Financial Institutions issued Bulletin #83 to regulate how state-chartered financial institutions charge multiple non-sufficient funds (NSF) fees on re-presented transactions. The Bureau will treat repeated NSF fee assessments as an unfair practice under Maine law if institutions provide inaccurate disclosures or charge fees without giving customers reasonable notice and opportunity to avoid them. Aligning with federal FDIC and NCUA standards, the bulletin encourages institutions to self-identify and correct violations to avoid enforcement actions while recommending comprehensive policy reviews and fee reductions to mitigate consumer harm.
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