Magazine : Archives : The Legal Issue 2016
Targeting Fees
To get the full interactive experience of the digital magazine, download the app today! Federal regulators have made it clear that they will soon implement rules that govern more strictly how banks assess overdraft fees. The expected move will be the first since regulators began requiring banks to get written authorization from customers to opt in to overdraft programs, starting in 2010. The Consumer Financial Protection Agency (CFPB) announced in November that it is preparing to launch a rulemaking to increase consumer protections concerning overdrafts and checking accounts. The process, which is expected to kick off later this year, goes...
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