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CFPB

RIN: 3170-AA42

Publication ID: Spring 2014

Title: Overdraft
Abstract: In June 2013, the CFPB issued a white paper summarizing the CFPB's initial findings from its analysis of overdraft practices. The white paper, which was based on supervisory data from nine large banks, highlighted a number of possible consumer protection concerns, including how consumers opt in to overdraft coverage for ATM and one-time debit card transactions, overdraft coverage limits, transaction posting order, overdraft and insufficient funds fee structure, and involuntary account closures. The CFPB is considering whether rules governing overdraft and related services are warranted, and, if so, what types of rules would be appropriate. A possible rulemaking might include disclosures or address specific acts or practices.
Agency: Consumer Financial Protection Bureau(CFPB)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Prerule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: Not Yet Determined

Legal Deadline:  None

Timetable: Action Date FR Cite Prerule Activities  02/00/2015

Regulatory Flexibility Analysis Required: Undetermined	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Gregory Evans Office of Regulations Consumer Financial Protection Bureau Washington, DC 20552 Phone:202 435-7700