Press release Published JAN 17, 2024 CFPB Proposes Rule to Close Bank Overdraft Loophole that Costs Americans Billions Each Year in Junk Fees The CFPB today proposed a rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions. • Overdraft • Office of Research Publication • Debit cards • Research • Checking account • Banking • Financial service providers • Rulemaking • Credit cards • Supervision • Fair lending • Enforcement • Access to credit