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LAKE FOREST, Ill.—Financial institutions have not been able to stem the outflow of money leaving for Wall Street funds even as rates have risen, according to new data that show savings and checking balances dwindled last year over 2022 levels, with interest checking taking the biggest hit.

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Feature FI Deposit Losses

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WASHINGTON—If credit unions under $10 billion in assets believe they will not feel the effects from the CFPB’s new overdraft proposal, one expert says they’re mistaken.