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Reg E Dispute reverse provisional credit

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  • July 21, 2022 at 5:59 pm EDT #37320
    TheBank
    Participant

    When the investigation of a reg e dispute results in a reverse to the provisional credit, the bank may not charge for an overdraft. Does that prohibition also apply to a daily overdraft fee? The reversal caused the overdraft, so there was no overdraft or NSF item fee. However we have a daily overdraft fee charged when an account is overdrawn 4 consecutive days or more. Does reg E also prohibit the charge of this fee for the 5 days after provisional credit is reversed?

    July 27, 2022 at 11:15 am EDT #37347
    Brent V
    Keymaster

    From Regulation E expert Deb Crawford of Gettechnical, Inc: “Yes, no overdraft fees of any kind.”

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