Possible new rules on overdraft protection and fees are one of the top items on the regulatory agenda of the CFPB this year that credit unions will be watching closely.
"This one slipped from last year's agenda and is up for consideration in the middle of this year," John McKechnie, a partner at Total Spectrum, a Washington consulting firm, said.
In his regulatory watch list for the year, NAFCU President/CEO Dan Berger singled out overdraft protection as the CFPB agenda item that credit unions are particularly concerned about.
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