Consumer Reports Supports CFPB's Proposed Rule to Limit Excessive Overdraft Fees
April 02, 2024
April 02, 2024
YONKERS, New York, April 2 -- Consumer Reports issued the following news release on April 1, 2024:
In a comment letter submitted today to the Consumer Financial Protection Bureau (CFPB), Consumer Reports (CR) highlighted its strong support for the Bureau's proposed overdraft lending rule. The proposed rule would lower overdraft fees charged by large financial institutions, which disproportionately impact low and moderate income consumers with excessive charges and can trap them in d . . .
In a comment letter submitted today to the Consumer Financial Protection Bureau (CFPB), Consumer Reports (CR) highlighted its strong support for the Bureau's proposed overdraft lending rule. The proposed rule would lower overdraft fees charged by large financial institutions, which disproportionately impact low and moderate income consumers with excessive charges and can trap them in d . . .