ALEXANDRIA, Va. (1/14/11)--The National Credit Union Administration (NCUA) on Thursday finalized a rule that requires credit unions to disclose overdraft and returned item (NSF) fees on their members' periodic statements. Under the rule, fees for both the statement period and for the year-to-date must be included on the disclosures. These and other changes to Regulation DD, the Truth in Savings Act, took effect on Jan. 1. NCUA staff during discussion of the rule noted that a trio of entities, one of which was the Credit Union National Association, recommended that the NCUA allow credit unions to refer to overdraft fees on periodic statements as "Total Overdraft Fees for Paid Items" instead of "Total Overdraft Fees." In an August 2010 comment letter, CUNA said that doing so would further distinguish paid overdraft items from items that are returned unpaid and that are also required to be disclosed. However, the final rule was unchanged from the NCUA’s earlier proposal. NCUA staff cited a desire to remain consistent with the Federal Reserve’s standards. The interim final rule also addressed disclosures for balance information and sweep accounts that are established to facilitate compliance with monthly limitations on savings accounts under Regulation D. The agency also approved interpretive ruling and policy statement (IRPS) 11-1, an interim policy statement that would add denials of technical assistance grant reimbursements to the set of issues that may be appealed during a credit union’s challenge of material supervisory determinations that are made by NCUA staff. These material supervisory determinations are currently limited to CAMEL ratings of 3, 4 or 5, adequacy of loan loss reserve provisions, loan classifications, and revocations of RegFlex authority for federal credit unions.