Possible new rules on overdraft protection and fees are one of the top items on the CFPB regulatory agenda this year.
“This one slipped from last year's agenda and is up for consideration in the middle of this year,” said John McKechnie, a partner at Total Spectrum, a Washington consulting firm.
The possible direction of new regulations for overdraft protection was indicated in a letter last fall from Rep. Carolyn Maloney (D-N.Y.) to CFPB Director Richard Cordray, drawing on the agency's report on overdraft fees.
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