Coalition Comments on CFPB’s Proposed Rule Governing Overdraft Lending at Very Large Financial Institutions

NCLC was among 144 consumer, civil rights, legal services and community groups that filed comments with the Consumer Financial Protection Bureau (CFPB) in strong support of the CFPB’s proposed rule governing Overdraft Lending: Very Large Financial Institutions. By closing an antiquated loophole designed in the check era, the proposed rule will promote more honest, fair,…