The California Department of Financial Protection and Innovation (DFPI) recently published its 2025 annual report on income from non-sufficient funds (NSF) and overdraft charges. You can review the report here.
The California Credit Union League is currently analyzing the data.
As a reminder, effective January 1, 2025, Senate Bill 1075 requires state-chartered credit unions to notify members each time an NSF or overdraft fee is charged. The notice must include specific details and be provided by the next business day. Beginning January 1, 2026, the bill also caps these fees at $14.
In a recent federal development, on May 9, 2025, President Donald Trump signed a Congressional Review Act resolution nullifying the Consumer Financial Protection Bureau’s (CFPB) overdraft rule. The rule would have limited overdraft fees to $5 for financial institutions with more than $10 billion in assets — unless the fee reflected the institution’s actual costs or the overdraft was treated as a loan under the Truth in Lending Act and Regulation Z.
The League is closely monitoring media coverage of the DFPI’s report to ensure that credit unions are represented fairly and that their commitment to serving members and communities is accurately conveyed.
Further updates and insights will be shared as the League continues its analysis.
For more information, email Lisa Quaranta.
Your League-member benefits include the Compliance Hotline — providing exclusive access to dedicated compliance experts:
Using the above phone number and email address, you can gain access to a knowledgeable team that’s ready to address all your credit union’s compliance inquiries — promptly and efficiently. With the Compliance Hotline, you can proactively respond to impromptu questions and issues by getting clarity and insight on technical topics that normally slow you down. We want to help you unlock the full potential of your League membership by leveraging the resources and support you need to navigate the complex world of compliance effortlessly. We’re ALWAYS just a phone call or email away!
Additionally, other League-member compliance resources include:
For more information, email Lisa Quaranta.
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