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Expert Analysis

CFPB Targets Overdraft Programs

Law360, New York (March 14, 2016, 11:31 AM EDT) -- The Consumer Financial Protection Bureau's criticism of and commentary about overdraft prevention products and the fees collected by retail banks and credit unions has intensified in the last month. In 2013, the CFPB announced the results of its review of overdraft practices and the fees generated from them and its intention to continue to study overdraft programs to ensure that the market for these programs "is fair, transparent and competitive."...

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