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  • CFPB Launches Inquiry into Overdraft Practices

    By LRNadmin
    In September 12, 2014
    On Banking
    Comments off
    CFPB Launches Inquiry into Overdraft Practices Bureau Explores Ways to Help Consumers Avoid Overdraft Penalty Fees WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) launched an inquiry into checking account overdraft programs to determine how these practices are impacting consumers. As part of that inquiry, the CFPB is seeking public input on a prototype “penalty fee box” – a disclosure on a consumer’s checking account statement that...
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