Data / Federal rules / 2024-22551
Consumer Financial Protection Circular 2024-05: Improper Overdraft Opt-In Practices
The Consumer Financial Protection Bureau published this final rule in the Federal Register on October 2, 2024.
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What the agency says
The Consumer Financial Protection Bureau (CFPB) has issued Consumer Financial Protection Circular 2024-05, titled "Improper Overdraft Opt-In Practices." In this circular, the CFPB responds to the question, "Can a financial institution violate the law if there is no proof that it has obtained consumers' affirmative consent before levying overdraft fees for ATM and one-time debit card transactions?"
Key facts
- Document number
- 2024-22551
- Type
- Final rule
- Action
- Consumer financial protection circular
- Agency
- Consumer Financial Protection Bureau
- Published
- October 2, 2024
- Dates
- The CFPB released this circular on its website on September 17, 2024.
- Pages
- 3
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Everything from the Consumer Financial Protection Bureau · Published in October 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.