Browsing: Overdraft protection
Responding to a statutorily required review of the CFPB’s 2009 overdraft rule today, the American Bankers Association noted in a comment letter that the “opt-in” rule has empowered customers to make informed choices about seeking or declining overdraft protection services for debit card point-of-sale or ATM transactions.
The FDIC today released its first edition of Consumer Compliance Supervisory Highlights, a new publication intended to provide institutions with information and observations related to the agency’s consumer compliance supervision activities.
The Consumer Financial Protection Bureau today issued a notice detailing how it will periodically review regulations as required by the Regulatory Flexibility Act, which requires agencies to conduct decennial reviews of certain rules and consider their effects on small businesses.
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In response to the FDIC’s recently announced initiative to streamline its Financial Institution Letters and other communications, the American Bankers Association in a comment letter on Wednesday urged the FDIC to withdraw its supervisory expectations with respect to bank overdraft payment programs and to rescind its 2013 guidance on deposit advance programs.
The Consumer Financial Protection Bureau yesterday updated its rulemaking agenda for the remainder of 2018.
In a comment letter to the Consumer Financial Protection Bureau today, the American Bankers Association opposed a proposal by the bureau to survey consumers on their understanding of four prototype overdraft disclosure forms that it released in August 2017.
The federal regulatory agencies last week updated their rulemaking agendas for the remainder of 2017 and into 2018.
The Consumer Financial Protection Bureau — which is in a multiyear potential rulemaking process on overdraft protection and disclosures — today released a qualitative study of consumers’ experiences with overdraft.