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Overdraft Lending: Very Large Financial Institutions

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American Bankers Association filings
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American Bankers Association filed 1 comment on this docket between Apr 1, 2024 and Apr 1, 2024. 75 other organizations filed here. The comment window closed 848d ago.

What American Bankers Association filed (1)

Apr 1, 2024· Comment from American Bankers Association and 52 State Bankers Associations· CFPB-2024-0002-0659

Please find attached the comment of the American Bankers Association and 52 state bankers associations.

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Abstract

SUMMARY: The Consumer Financial Protection Bureau (CFPB) proposes to amend Regulations E and Z to update regulatory exceptions for overdraft credit provided by very large financial institutions, thereby ensuring that extensions of overdraft credit adhere to consumer protections required of similarly situated products, unless the overdraft fee is a small amount that only recovers applicable costs and losses. The proposal would allow consumers to better comparison shop across credit products and provide substantive protections that apply to other consumer credit. ADDITIONAL INFORMATION: For more information about commenting on CFPB’s Notices, please visit us at: https://www.consumerfinance.gov/rules-policy/notice-opportunities-comment/commenting-on-notices/

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Co-filers (75)

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