Mississippi Bankers Association et al v. CFPB, No. 3:24-cv-00792-CWR-LGI (S.D. Miss.)
This case was brought by various banking associations against the CFPB to challenge the validity of the CFPB’s Overdraft Rule (Overdraft Lending: Very Large Financial Institutions, 89 Fed. Reg. 106768 (Dec. 30, 2024)), which reduces surprise overdraft fees charged by large financial institutions to $5 or their costs, and requires other overdraft credit to comply with the Truth in Lending Act. In light of the change of federal Administration, NCLC and Democracy Forward are representing Mississippi Center for Justice and MyPath, two financial counseling and economic justice organizations, in their effort to intervene in the lawsuit to defend the Rule.
Co-Counsel: Democracy Forward
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