These best practices are tools to measure the transparency and affordability of a financial institution’s overdraft policies.
By adopting these practices, financial institutions can offer substantial advantages to consumers, such as reducing overdraft fees, making overdraft policies more transparent, and helping to make financial institution products more equitable and accessible for low-income people and people of color.
UnidosUS comments in support of the CFPB’s proposal to lower overdraft fees which would save working-class and Latino consumers billions of dollars.
This is our written testimony submitted to the Subcommittee on Financial Institutions and Monetary Policy on March 7, 2024.
UnidosUS welcomes the Treasury’s RFI on Financial Inclusion as a critical step to advance financial inclusion in our country.
UnidosUS submits comments in response to the CFPB’s notice of proposed rulemaking on personal financial data rights in Section 1033.
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