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AFR Sign-on to OCC on Overdraft and Bank Payday

August 9, 2011
Overdraft Loans
Payday Loans
Letters to Congress

Consumer groups fear OCC proposed guidance may legitimize and facilitate the spread of payday lending by national banks, and banks would continue abusive overdraft practices—harming bank customers, undermining state payday loan laws, and weakening the long-term safety and soundness of financial institutions.