April 1, 2024 — Comments

The National Consumer Law Center (on behalf of its low-income clients) submitted the following comments in response to the proposed rule issued by the Consumer Financial Protection Bureau (CFPB) regarding overdraft lending at very large financial institutions. We strongly support the proposed rule, which will stop abusive overdraft fee practices that have harmed the most vulnerable consumers and will lead to a fair, more transparent marketplace that will keep people in the banking system.