OCC Should Require Banks to Clean Up Abusive Overdraft Practices Before Approving Mergers
Letter sent as OCC considers TD Bank’s merger bid WASHINGTON, D.C. – Several civil rights and consumer groups are calling for the Office of the Comptroller of the Currency (OCC) to “ensure that OCC-supervised banks make necessary reforms to their inequitable overdraft programs.” Concerns about the persistence of this type of junk fee and policy prescriptions were expressed in a letter to Acting Comptroller Hsu. The letter, which is included below, was sent by the Center for Responsible Lending, Accountable.US, Americans for Financial Reform Education Fund, California Reinvestment Coalition