
17,000 Ways CFPB Is Paving the Way for Overdraft Protection Overhaul
The CFPB released a report revealing the true cost of opting-in to overdraft protection for ATM and debit card transactions, which results in an APR of 17,000%, a number which has captured the media's attention (see, for example, this). Expect significant changes to overdraft protection rules to follow shortly. [8/1/14]