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Comments to CFPB on Overdraft Practices

PDF icon Overdraft-Comment-by-CRL-CFA-and-NCLC-Docket-No-CFPB-2012-0007.pdf
July 6, 2012
Consumer Financial Protection Bureau
Overdraft Loans
Comment Letter

CRL joined with CFA and NCLC to provide the CFPB (Consumer Financial Protection Bureau) with documentation of bank overdraft practices and their impact on consumers. The CFPB should stop banks from reordering transactions and should prohibit overdraft fees on debit card transactions, which can easily be declined at no cost.