Overdraft protection plans. Your bank may offer a formal line of credit or a link to your savings account to cover any type of transaction that overdraws your account.

Apr 9, 2025 · Overdraft protection offers an important form of short-term liquidity that covers bank customers’ insufficient funds transactions.

Mar 26, 2025 · With lawmakers considering Congressional Review Act resolutions that would nullify a controversial CFPB Overdraft rule that would effectively end overdraft protection as …

Feb 19, 2025 · Protecting Overdraft Protection ABA Position Overdraft protection services provide a needed form of short-term liquidity for millions of consumers who – following receipt of a …

Dec 12, 2024 · The American Bankers Association today announced it is jointly pursuing legal action alongside the Consumer Bankers Association (CBA), America’s Credit Unions, …

Feb 19, 2025 · On December 12, 2024, the Consumer Financial Protection Bureau finalized a rule that goes beyond the agency’s statutory authority and, if allowed to take effect, will lead banks …

Feb 19, 2025 · Myth: If the CFPB’s overdraft rule is invalidated, it would leave overdraft unregulated. Fact: Overdraft services offered by banks are already highly regulated and …

The American Bankers Association today joined associations representing bankers and credit unions in filing a lawsuit challenging the Consumer Financial Protection Bureau’s effective cap …

Truth in Savings Act (Reg DD) TISA was designed to enable consumers to make informed decisions about bank accounts. It requires banks to provide to consumers disclosures about …

Feb 14, 2025 · In a new letter sent to lawmakers in the House and Senate today, the American Bankers Association joined 52 state bankers associations in expressing strong support for the …