Navigating the New CFPB Overdraft Rule: Implications for Financial Institutions
By EsqSocial Corporation 20/12/24
The Consumer Financial Protection Bureau (CFPB) recently finalized its “Overdraft Lending: Very Large Financial Institutions Rule,” introducing sweeping changes to how overdraft credit is structured and regulated for the largest financial institutions. This rule, aimed at enhancing consumer protections, takes effect on Oct. 1, 2025, and has significant implications for the financial services industry, particularly smaller banks....
By: Clark Hill PLC