On November 9, 2016, the Federal Reserve hosted a webinar on overdraft practices. The CFPB was represented by Victoria Pawelski, Counsel, Supervision Policy, Supervision, Enforcement and Fair Lending. In addition to a CFPB representative, the presenters included representatives from the Fed, FDIC, OCC and NCUA.
The presenters each discussed issues identified by their respective agency through consumer complaints, examinations, or enforcement actions. A copy of the slides used by the presenters can be found here.
The presentation was followed by a Q&A segment. In response to a question about the CFPB’s overdraft rulemaking plans, Ms. Pawelski stated that the CFPB is continuing to consider whether to propose an overdraft rule. She also noted the CFPB’s June 2013 white paper and July 2014 report on checking account overdraft services.