Center for Responsible Lending: CFPB Should Strengthen Consumer Protections in Its Proposed Overdraft Rule
April 16, 2024
April 16, 2024
DURHAM, North Carolina, April 16 -- The Center for Responsible Lending issued the following news release:
The Center for Responsible Lending (CRL) in a comment letter urged the Consumer Financial Protection Bureau (CFPB) to bolster its proposed overdraft rule with more measures to prevent very large banks and credit unions from evading the intent behind the rule (https://www.responsiblelending.org/research-publication/comment-cfpbs-notice-proposed-rulemaking-overdraft-fees-very-larg . . .
The Center for Responsible Lending (CRL) in a comment letter urged the Consumer Financial Protection Bureau (CFPB) to bolster its proposed overdraft rule with more measures to prevent very large banks and credit unions from evading the intent behind the rule (https://www.responsiblelending.org/research-publication/comment-cfpbs-notice-proposed-rulemaking-overdraft-fees-very-larg . . .