New Economy Project: Statement From the NYS Community Equity Agenda Coalition on CFPB's Proposed Overdraft Rule
January 19, 2024
January 19, 2024
NEW YORK, Jan. 19 -- New Economy Project issued the following statement on Jan. 18, 2024:
* * *
The NYS Community Equity Agenda released the following statement in response to the Consumer Financial Protection Bureau (CFPB)'s announcement of its proposed rule on overdraft fees:
"We applaud the CFPB for issuing a strong proposed rule to crack down on big banks' predatory overdraft fees, which have long exploited low-income New Yorkers and extracted mass . . .
* * *
The NYS Community Equity Agenda released the following statement in response to the Consumer Financial Protection Bureau (CFPB)'s announcement of its proposed rule on overdraft fees:
"We applaud the CFPB for issuing a strong proposed rule to crack down on big banks' predatory overdraft fees, which have long exploited low-income New Yorkers and extracted mass . . .