Priya PatelCFPB has proposed new regulation on overdraft pricing for financial institutions with assets over $10 billion. The proposal would require banks to set benchmark fees between $3 and $14. It also aims to extend the regulation to institutions with assets under $10 billion at a later date. Critics argue this proposal is an attempt to kill overdraft services entirely.
CFPB aims at overdrafts using Reg Z power missiles.
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