ABA, 52 State Bankers Associations to CFPB: The Market for Overdraft Services is Already Transparent and Competitive

WASHINGTON, April 2 -- The American Bankers Association issued the following news release on April 1, 2024:

In a detailed comment letter filed today with the Consumer Financial Protection Bureau, the American Bankers Association joined all 52 state bankers associations in explaining why the market for overdraft services is already transparent and competitive, directly challenging the basic premise behind the Bureau's misguided proposal to impose additional regulation on overdraft pr . . .

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Mike Townsend, 202/663-5471, mtownsend@aba.com