In January 2024, the Consumer Financial Protection Bureau proposed two new rules: one restricting overdraft fees and the other prohibiting nonsufficient funds fees on certain declined transactions. The proposals are the CFPB’s latest moves in furtherance of the Biden Administration’s “junk fees” agenda. They represent a particularly aggressive use by the CFPB of its regulatory authorities with potentially significant implications.
On March 5, 2024, from 12:00 p.m. to 1:00 p.m. ET, Ballard Spahr will hold a webinar on the proposed rules. Our special guest will be David Pommerehn, Senior Vice President, General Counsel and Head of Regulatory Affairs at the Consumer Bankers Association.
For more information and to register, click here.