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Tag Archives: opt-in

Fed: Consumers must opt in to OD privilege

Uninformed may see a decline at register With the increasing use of debit cards in recent years, many consumers have avoided the risk and embarrassment of seeing the words “declined” or “non-sufficient funds” flash at a cash register when accidentally overdrawing due to a service called courtesy overdraft privilege (ODP). When a consumer with ODP overdraws, a bank issues an ...

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