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A recent survey of 679 adults by Consumers Union, the nonprofit publisher of Consumer Reports, found that two-thirds of bank customers said they preferred to expressly authorize overdraft transactions.
In 2007, the American Bankers Association testified before Congress, "specifically oppos[ing] proposals to require an opt-in for customers to have overdrafts paid or authorized, calculation of an APR for overdraft fees, and disclosure of a potential overdraft at the point of sale or ATM," according to the group's Web site.
The transfer, which was authorized by the firm's Chicago office, was made to patch an overdraft in a London account.
was authorized on April 27 , 1904
Become authorized to perform marriage.
3. Overdraft transactions not required to be authorized or paid.Section 205.17 does not require a financial institution to authorize or pay an overdraft on an ATM or one-time debit card transaction even if the consumer has affirmatively consented to an institution's overdraft service for such transactions.
As applicable, the institution also should indicate that it pays overdrafts at its discretion, and should briefly explain that if the institution does not authorize and pay an overdraft, it may decline the transaction.
Thatcher authorized her release.
In August, Atlantis authorized surgery.
Who authorized these payments?
I also authorized unlimited overtime.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com