Jump to Content
ABA: The American Bankers Association
Compliance News

ABA: Overdraft Rule Empowers Consumers and Should Not Be Changed

Responding to a statutorily required review of the 2009 Overdraft Rule, ABA stated that the 'opt in' rule has empowered customers to make informed choices about seeking or declining overdraft protection services for debit card point-of-sale or ATM transactions. ABA recommended that the Bureau not make any changes to the rule. For more information, contact ABA's Jonathan Thessin.