Unique Reference Number: 
DFIN-C8-6
Status: 
Submitted
Author: 
CUMA - Credit Union Managers Association

3.13 Article 24(5) of CCD2

CUMA believes Article 24’s consumer protection for overdraft services is sufficient, as credit unions already face additional requirements under the Credit Union Act 1997 for their Member Personal Current Account Service (MPCAS). Therefore, CUMA argues that the stricter measures in Article 24 should not apply to credit unions.