Consumer Financial Protection Circular 2024-05: Improper Overdraft Opt-In Practices

introduced

The Consumer Financial Protection Bureau (CFPB) has issued Consumer Financial Protection Circular 2024-05, titled "Improper Overdraft Opt-In Practices." In this circular, the CFPB responds to the question, "Can a financial institution violate the law if there is no proof that it has obtained consumers' affirmative consent before levying overdraft fees for ATM and one-time debit card transactions?"

Who took a position

Supporting (30)

Wells Fargo
NEW YORK BANKERS ASSOCIATION
CALIFORNIA AND NEVADA CREDIT UNION LEAGUES
AMERICANS FOR FINANCIAL REFORM
DOUBLECHECK SOLUTIONS
AMERICANS FOR TAX REFORM
SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)
H&R BLOCK MANAGEMENT
FIFTH THIRD BANCORP
CREDIT UNION NATIONAL ASSOCIATION. INC. DBA AMERICA'S CREDIT UNIONS
Brownstein Hyatt Farber Schreck
LEADERSHIP CONFERENCE ON CIVIL AND HUMAN RIGHTS
and 18 more

Opposing (0)

No opposing positions recorded.