CFPB Extends Overdraft Comment Period
Wednesday, 25 April 2012 08:02

On February 28, 2012, the Bureau of Consumer Financial Protection (CFPB) published a notice and request for information regarding the impacts of overdraft programs on consumers (the Overdraft Notice). The Overdraft Notice allowed a 60-day comment period, closing on April 30, 2012.  To allow parties more time to consider and craft their responses, the CFPB has extended the comment period until June 29, 2012.  Read the Federal Register notice here.  To help credit unions respond to this important request, CUNA has developed an on-line survey for gathering information.  We encourage you to complete the short survey to help ensure that credit unions’ interests are well represented with the CFPB and any future rulemaking that might be undertaken.  Go to the CUNA Survey.

 

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