11  - 15 committed to preserving minority ownership of depository institutions, and providing technical assistance to MDIs, through the Fed’s Partnership for Progress program. Federal Reserve staff frequently meets with MDI management teams to discuss emerging issues, provide technical assistance, explain supervisory guidance, and respond to management concerns.
This engagement not only furthers our efforts to support these banks, but also provides valuable insight and feedback on the challenges facing MDIs. It is also an opportunity to gather feedback on regulatory proposals. Overdraft fees. Banks often provide limited overdraft protection to customers and historically have charged a fee for this service.