The rest associated with the commenters that responded to the concern opposed prohibiting an FCU from charging you overdraft fees pertaining to PALs loans.

The rest associated with the commenters that responded to the concern opposed prohibiting an FCU from charging you overdraft fees pertaining to PALs loans.

The Board asked whether the NCUA should prohibit overdraft or NSF fees charged Start Printed Page 51949 in connection with any PALs cash to payday Moss Point MS loan payments in the PALs II NPRM. 1 / 2 of the commenters that responded to the concern replied into the affirmative, arguing that an FCU might use overdraft charges in a manner that is predatory draw out extra income from the PALs loan debtor. These commenters additionally felt that allowing overdraft costs pertaining to a PALs loan is as opposed to providing borrowers by having a pathway that is meaningful conventional lending options and solutions because additional costs may have a devastating effect on the debtor’s monetary health insurance and keep the debtor trapped in a “cycle of debt.”