---
title: 2024 Overdraft Proposal
description: Stay informed on the CFPB's 2024 overdraft proposal and its impact on financial institutions. Learn about the proposed limits and disclosures in this insightful blog post.
---

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# [2024 Overdraft Proposal](https://blog.bankerscompliance.com/en/2024-overdraft-proposal)

 Written by [Jerod Moyer](https://blog.bankerscompliance.com/en/author/jerod-moyer) | Jul 19, 2024 6:23:56 PM

In case you missed it, the CFPB issued a [Proposal](https://www.consumerfinance.gov/rules-policy/rules-under-development/overdraft-lending-very-large-financial-institutions-proposed-rule/) back in January regarding overdrafts. The proposal is just one piece of the CFPB’s overarching goal of eliminating junk fees within the financial industry. The proposal seeks to impose limits on what covered financial institutions can charge for an overdraft as well as require certain loan-type disclosures, under Regulation Z, for “covered overdraft credit”. While this is just a proposal and technically only applicable to larger financial institutions, it will still have some impact on financial institutions not covered. During the webinar, we will be discussing this proposal, as well as the CFPB’s [Proposal on Non-Sufficient Funds Fees](https://www.consumerfinance.gov/rules-policy/rules-under-development/nonsufficient-funds-nsf-fees/) and much more!

Listen as Jerod explains the “why” behind the overdraft proposal:

Published  
2024/07/19

 

[View full post](https://blog.bankerscompliance.com/en/2024-overdraft-proposal)

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