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CFPB work on overdraft programs

Question: 
1. Has the CFPB issued anything official relating to overdraft payment programs?
Answer: 

The Bureau has published results of its ongoing investigations into bank overdraft practices. They have also released some prototype disclosure formats that could replace the current disclosures required under § 1005.17 of Regulation E, and another set of prototypes for account statement redesigns that could make the statement disclosures of current period and year-to-date overdraft fees more prominent.
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Learn more about John Burnett’s webinar
Overdrafts – A Current View

First published on 11/11/2018

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