One of our favorite readers commented on the CFPB’s overdraft “penalty box,” which was the subject of a prior blog.  Our reader criticizes the CFPB for creating the impression that the concept of an overdraft fee box is new.  In fact, Reg DD currently requires a (shorter) box that lists the amount of overdraft and NSF fees paid for the period and year to date.  The new box is greatly expanded and adds considerable additional information but is significantly longer and repetitive.  Our reader questions whether consumers really want all the information in the template box (for example, the number of days they were overdrawn) and suggests that it would be helpful to test the new form, using analytically sound, reliable methods that can withstand peer review, before asking for (uninformed) comment.