CFPB Not Planning to Prohibit ODP Fees
At a town hall meeting with NCUA Chair Debbie Matz, CFPB Director Richard Cordray said that they are not planning to prohibit ODP fees as part of a proposed rule about overdraft protection practices. Cordray added they are still looking at the data and comments in order to determine where further restrictions may be needed in order to protect consumers. [2/11/15]