CFPB Still Collecting Data on ODP Programs

Although the CFPB has a pre-rule action on overdraft protection programs scheduled for this Fall, it is not likely that this will happen as the agency is still actively collecting data. Last week it issued a request for information on POS and ATM disclosures and has now requested that the OMB conduct a national survey of 8,000 consumers in order to gain a better understanding of how and why consumers use overdraft protection services. [9/15/15]