Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
CFPB Study of Overdraft Programs: A white paper of initial data findings

CFPB Study of Overdraft Programs: A white paper of initial data findings

Consumer Financial Protection Bureau

Paperback

General Political Science

ISBN10: 1499566875
ISBN13: 9781499566871
Publisher: Createspace
Published: May 17 2014
Pages: 74
Weight: 0.43
Height: 0.19 Width: 8.50 Depth: 11.00
Language: English
In February 2012, the Consumer Financial Protection Bureau (CFPB) initiated a broad inquiry into financial institutions' overdraft programs for consumer checking accounts. This effort included a public Request for Information (RFI) and a detailed study of overdraft programs at a small set of large banks that are supervised by the CFPB. These banks provide a significant portion of all U.S. consumer checking accounts. Through the CFPB's supervision program, these banks have provided institution-level information about their overdraft programs and accounts during 2010 and 2011. Many of the concerns that motivated the CFPB's inquiry are not new. In response to growing costs to consumers, federal agencies have addressed these issues in different ways at different times, which industry has recognized.a Our review is intended to provide the factual basis to inform efforts to develop more uniform treatment of these issues across financial institutions.

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