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.
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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.
The Consumer Financial Protection Bureau is seeking information on overdraft-related disclosures, according to a filing to be published tomorrow in the Federal Register.
The Consumer Financial Protection Bureau must base its studies of overdrafts on current, rigorous data and adopt any new disclosures through an open and transparent process, ABA told the bureau today in a comment letter.
The Consumer Financial Protection Bureau today released four new “prototype” overdraft disclosure forms as part of its “Know Before You Owe” campaign.
The Consumer Financial Protection Bureau today issued final rules on prepaid financial products, including prepaid cards and digital wallets that store and transfer funds.
In a comment letter on Wednesday, ABA continued its challenge of the Consumer Financial Protection Bureau’s improper use of a streamlined review process to conduct research related to overdraft services without providing the public with notice and an opportunity to comment on its research approach.