CFPB to participate in Fed webinar on overdraft practices

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The Federal Reserve has announced that on November 9, 2016, it will host a webinar on overdraft practices.  Webinar speakers will discuss issues identified through consumer complaints, examinations, and enforcement actions.

In addition to a CFPB representative, the speakers will include representatives from the Fed, FDIC, OCC and NCUA.  The presentation will be followed by a Q&A segment.  Information about registration is available here.

The CFPB is currently considering whether to propose an overdraft rule.  It has issued a June 2013 white paper and a July 2014 report on checking account overdraft services.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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