Pew Offers Insight to CFPB on Preserving Consumer Overdraft Protections

Letter shares research findings and outlines benefits of 2009 rule

Pew Offers Insight to CFPB on Preserving Consumer Overdraft Protections

The Pew Charitable Trusts on June 28, 2019, responded to a Consumer Financial Protection Bureau request for information regarding review of the 2009 federal overdraft rule. The comment letter included a summary of Pew’s research on overdraft penalty programs and an outline of the rule’s benefits to the banking system.