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Overdraft Lending: Very Large Financial Institutions

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Institute for Policy Integrity at New York University School of Law filings
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Institute for Policy Integrity at New York University School of Law filed 1 comment on this docket between Apr 2, 2024 and Apr 2, 2024. 75 other organizations filed here. The comment window closed 848d ago.

What Institute for Policy Integrity at New York University School of Law filed (1)

Apr 2, 2024· Comment from Institute for Policy Integrity at New York University School of Law· CFPB-2024-0002-0722

Filed on regulations.gov — full text not in the inline record.

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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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Overdraft Lending: Very Large Financial Institutions (CFPB) — Institute for Policy Integrity at New York University School of Law | OpenPolis