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142 Organizations Support CFPB Rule to Curb Abusive Overdraft Fees

WASHINGTON, April 2 -- The Consumer Federation of America issued the following news release on April 1, 2024:

Today, 142 consumer, civil rights, military, legal services, and community groups submitted comments in strong support of the Consumer Financial Protection Bureau's (CFPB) proposed rule governing the overdraft lending practices of the largest financial institutions. By closing an outdated loophole designed in the check era, the proposed rule will promote more honest, fair, a . . .

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Adam Rust, Director of Financial Services, 919/260-3653,