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ABA ARTICLE: Consumers Lose If CFPB Overshoots on Overdraft

Posted by Michele Rehm, Marketing Manager on Nov 12, 2015 9:39:24 AM

From americanbanker.com:

Consumer Choice Overdraft StudyConsumers Lose If CFPB Overshoots on Overdraft
By
November 10, 2015

Many Americans who cannot cover regular or emergency expenditures are also finding it harder to obtain traditional forms of credit to tackle unexpected expenses, such as an emergency car repair or medical need. But rather
than ease this burden, the Consumer Financial Protection Bureau is proposing to take away viable short-term funding options.

Read the entire article on the American Banker website.

Download our Consumer Choice Overdraft Study Infographic.

 

Topics: Overdraft, Courtesy Overdraft