Overdraft Loans

Consumer Information

Press Releases

Studies

Testimony and Comments


Consumer Information

  • Get the Facts About Overdrafts and Fees Brochure, 06/29/10. (PDF)
  • Q and A on Overdraft Loans and H.R. 3904, the Overdraft Protection Act of 2009, 12/02/09. (PDF)

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Press Releases

  • CFA Statement on CFPB Report on Overdraft Fees and Practices, 06/12/2013. (PDF)
  • New Research Finds that Most Consumers will Have Difficulty Avoiding Rising Bank Checking Fees Unless they Directly Deposit Income Checks, 10/16/12. (PDF)
  • Advocates Urge CFPB to Ban Overdraft Fees and Payday Loans on Prepaid Cards, 07/25/12. (PDF)
  • Overdraft Fees at the Largest Banks Inch Upwards, 06/07/12. (PDF)
  • Despite FRB Opt-In Rules, Big Banks Still Charge Steep Fees for Overdrafts, 08/03/11. (PDF)
  • Consumer Groups Call on the Office of Comptroller of the Currency to End Abusive Overdraft Practices, 10/19/10. (PDF)
  • Consumer Federation of America Applauds President Obama's Signing of the Dodd-Frank Financial Reform Bill Into Law, 07/21/10. (PDF)
  • Consumers Warned Not to Opt In as Banks Market Expensive Debit Card Overdraft Fees, 06/29/10. (PDF)
  • CFA Survey of Big Bank Overdraft Fees and Terms, 06/29/10. (PDF)
  • CFA Bank Debit Card Overdraft Total Costs and APRs, 06/29/10. (PDF)
  • Get the Facts About Overdrafts and Fees Brochure, 06/29/10. (PDF)
  • CFA Applauds Changes to Bank of America's Overdraft Policies and Calls for Further Federal Regulation of Overdraft Practices, 03/10/10. (PDF)
  • Consumers Overwhelmingly Support Bank Overdraft Reforms: 15 Largest Banks Continue to Pile on Fees, 02/04/10. (PDF)
    • Survey of Big Bank Overdraft Fees (PDF)
    • Overdraft Examples (PDF)
  • CFA Calls on the Senate to Pass the FAIR Overdraft Coverage Act, 11/17/09. (PDF)
  • CFA Applauds Federal Reserve Board Overdraft Rules As Good First Step But More Protections Are Needed, 11/12/09. (PDF)
  • CFA Calls on House to Pass Overdraft Protection Act of 2009, 10/30/09. (PDF)
  • Consumers Still at Risk from Bank Overdraft Loans: Big Bank "Reforms" Fail to Protect Customers, Consumer Financial Protection Agency (CFPA) Needed, 10/05/09. (PDF)
  • CFA Big Bank Overdraft Fee Survey, 07/16/09. (PDF)
  • Jury's Out on Regulators' New Proposal to Address Abusive Overdraft Loans, 12/22/08. (PDF)
  • Statement of Jean Ann Fox, CFA Director of Financial Services, on FDIC Study of Bank Overdraft Programs, 12/03/08. (PDF)
  • Overdraft Loan Fees Increase at Nation's Ten Largest Banks: Federal Reserve Proposal Fails to Protect Consumers from Unauthorized Loans, 08/06/08. (PDF)
  • Regulators' Overdraft Proposal Falls Short: Fails to Protect Consumers from Unwanted Credit, 05/02/08. (PDF)
  • New Study: Most Big Banks Level High "Courtesy Overdraft" Loan Fees Without Consumers' Permission, 06/09/05. (PDF)
  • Federal Reserve Bank Overdraft Loan Proposals Fail to Protect Consumers, 08/06/04. (PDF)
  • Consumer Groups Urge Federal Reserve Board to Stop Abusive Bank Overdraft Charges, 01/28/03. (Read More)

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Studies

  • CFA Report: Can Consumers Avoid Checking Fees?, 10/16/12. (PDF)
  • CFA's 2012 Survey of 14 Largest Banks' Overdraft Loan Fees and Terms, 06/07/12. (PDF)
  • CFA's Updated Survey of 14 Largest Banks' Overdraft Fees, 08/03/11. (PDF)
  • CFA Survey: Sixteen Largest Bank Overdraft Fees and Terms, Updated July 31, 2009. (PDF)
  • Consumers Face Hidden Overdraft Charges From Nation's Largest Banks, 06/09/05. (PDF)

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Testimony and Comments

  • Consumer Groups' Comments to the CPFB: Impacts of Overdraft Programs on Consumers, 06/29/12. (PDF)
  • Consumer Groups Submit Comments to the OCC Urging Stricter Overdraft Guidance, 10/15/10. (PDF)
  • Consumer Groups Submit Comments to the FDIC on Overdraft Guidance, 09/27/10. (PDF)
  • Consumer Groups Submit Comments to the OTS on Overdraft Guidance, 06/28/10. (PDF)
  • Consumer Groups Urge FDIC to Closely Supervise Overdraft Opt-in Practices, 04/01/10. (PDF)
  • Consumer Groups Urge OTS to Closely Supervise Overdraft Opt-in Practices, 04/01/10. (PDF)
  • Consumer Groups Comment on Overdraft Opt-in Changes to Regulations E and DD, 03/30/10. (PDF)
  • Consumer Groups Urge OCC to Closely Supervise Overdraft Opt-in Practices, 03/29/10. (PDF)
  • CFA and CRL Urge the Senate Banking Committee to Pass the FAIR Overdraft Coverage Act of 2009, S 1799, 02/05/10. (PDF)
  • CFA and CRL Urge the House Financial Services Committee to Pass the Overdraft Protection Act of 2009, HR 3904, 02/05/10. (PDF)
  • Q and A on Overdraft Loans and H.R. 3904, the Overdraft Protection Act of 2009, 12/02/09. (PDF)
  • Testimony of Jean Ann Fox to the Senate Banking Committee on the FAIR Overdraft Coverage Act, 11/17/09. (PDF)
  • Testimony of Jean Ann Fox to the House Financial Services Committee on the Overdraft Protection Act, 10/30/09. (PDF)
  • Coalition Letter of Support to Senator Dodd for FAIR Overdraft Coverage Act, 10/28/09. (PDF)
  • Coalition Letter of Support to Representative Maloney for the Overdraft Protection Act, 10/28/09. (PDF)
  • CFA Letter of Support to Representative Maloney for the Overdraft Protection Act, 10/27/09. (PDF)
  • Letter of Support to Senator Dodd for the FAIR Overdraft Coverage Act, 10/21/09. (PDF)
  • CFA and CRL Comments to Federal Reserve on Debit Overdraft Rules, 03/31/09. (PDF)
  • CFA Bank Fee Survey Comment to Federal Reserve on Debit Overdraft Rules, 03/31/09. (PDF)
  • Testimony of CFA and US PIRG Regarding the Credit Card Holder's Bill of Rights Act and the Consumer Overdraft Protection Fair Practices Act, 03/19/09. (PDF)
  • CFA, US PIRG and State Consumer Groups Comment on Overdraft Lending Practices, 08/04/08. (PDF)
  • Consumer Federation to Federal Reserve Board of Governors, Re: Federal Reserve Board Regulation DD-Truth in Savings: R-1315, 07/19/08. (PDF)
  • Comments of the Center for Responsible Lending and Consumer Federation of America, Consumers Union, National Consumer Law Center on Proposed Rule to amend Regulation DD 12 CFR Part 230 pursuant to The Truth in Savings Act Docket No. R-1315, 07/18/08. (PDF)
  • Testimony of CFA's Jean Ann Fox Before the House Subcommittee on Financial Institutions and Consumer Credit on "Put the Protection into Overdraft Policy---Supporting H.R. 946", 07/11/07. (PDF)
  • CFA Comments to the FDIC regarding the Study of Overdraft Protection Programs, 10/17/06. (PDF)
  • Consumer Groups Urge Congress to Protect Consumers from Bank Overdraft "Bounce" Loans, 06/15/05. (PDF)
  • Consumer Groups Urge Bank Regulators to Protect Consumers from Bank Overdraft "Bounce" Loans, 06/15/05. (PDF)
  • Consumer Groups Comment to the Federal Reserve System on Proposed Overdraft Protection Guidance, 08/06/04. (PDF)
  • CFA, NCLC Comments to Fed on Bounce Protection, 01/28/03. (PDF)
  • Appendix: Bounce Protection Report, 01/28/03. (PDF)

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