In response to the Consumer Financial Protection Bureau's (CFPB) request for input on Overdraft Protection & Overdraft Privilege Programs, CUNA has developed a survey to gather input from credit unions.
The CFPB’s inquiry is focused on four main areas:
(1) Transaction Re-Ordering that Increases Consumer Costs,
(2) Missing or Confusing Information,
(3) Misleading Marketing Materials, and
(4) Disproportionate Impact on Low-Income and Young Consumers.
CUNA’s survey is due by May 25. Click here to access the survey.
Click here to view CUNA’s comment call.