Tag Archives: CFPB

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AFR Press Statement: CFPB Inquiry into Overdraft Practices a Welcome Step

AFR welcomes the Consumer Financial Protection Bureau’s newly announced inquiry into overdraft fees, their impact on consumers, and in particular the Bureau’s focus on check re-ordering, and misleading or confusing marketing of so-called “standard” overdraft protection, a product deemed so abusive that regulators now require a consumer’s affirmative consent or “opt-in”.