Zoe Sagalow, Syed Muhammad Ghaznavi | S&P Global Market Intelligence
The bank's overdraft fee income came under fire in an Aug. 23, 2022, letter from the Center for Responsible Lending, or CRL, and other consumer advocates to the Federal Reserve Bank of Philadelphia and the Office of the Comptroller of the Currency urging the regulators to reject the planned merger. The CRL rarely presses regulators to strike down specific bank deal proposals.

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