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Groups Battle over Overdraft Protection Credit Union Rule Changes

Saturday, July 20, 2019
Brigette Honaker | Top Class Actions

Credit union advocates and lawmakers are arguing over the benefit of overdraft protection credit union programs as the CFPB considers new rules.

The Consumer Financial Protection Bureau (CFPB) has recently been soliciting public opinion on potential changes to the rules that govern overdraft fees. In a financial climate where consumers are growing increasingly frustrated with excessive overdraft fees, changes to overdraft rules could be critical for both financial institutions and their customers.