CHSR 97.9fm - Campus/Community radio in Fredericton, NB

ACORN New Brunswick demands regulation of NSF (Non Sufficient Funds) bank fees

On February 12, 2025, ACORN held a nationwide rally to bring attention to the Federal Government’s proposal to regulate non-sufficient funds fees (NSF fees). The rally was part of an ongoing campaign to reduce NSF fees from their current average of $45-$48 each to $10.

ACORN New Brunswick Chair Nichola Taylor described how NSF fees disproportionately affect low-income Frederictonians by charging them for not having enough funds in their account, which limits their ability to pay the initial fee, causing a “circle of debt.”

Taylor emphasized that ACORN wants the Finance Minister Dominique LeBlanc, and the Department of Finance, to implement regulations on NSF fees before a federal election jeopardizes the initiative.

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