http://www.responsiblelending.org feed-51154930 web@responsiblelending.org 2010 Center for Responsible Lending Convio Content Management System Module en-us http://www.responsiblelending.org/styles/images/crl-logotag.jpg http://www.responsiblelending.org www.responsiblelending.org-275519615 http://feedproxy.google.com/~r/OverdraftLoans/~3/gsW3hsfQwIg/Comment-to-Fed-re-Notice-by-Capital-One-to-Acquire-ING-Bank.html The Center for Responsible Lending commented on Capital One's proposed acquisistion of ING Bank at a public meeting held by Federal Reserve on September 20, 2011. Tue, 20 Sep 2011 00:00:00 -0500 http://www.responsiblelending.org/overdraft-loans/policy-legislation/regulators/Comment-to-Fed-re-Notice-by-Capital-One-to-Acquire-ING-Bank.html www.responsiblelending.org-260628323 http://feedproxy.google.com/~r/OverdraftLoans/~3/xSh2UcysdCc/afr-comment-to-occ-on-overdraft-and-bank-payday-08092011.html 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. Tue, 09 Aug 2011 00:00:00 -0500 http://www.responsiblelending.org/overdraft-loans/policy-legislation/regulators/afr-comment-to-occ-on-overdraft-and-bank-payday-08092011.html www.responsiblelending.org-260627566 http://feedproxy.google.com/~r/OverdraftLoans/~3/xAXpYths7z4/comments-to-occ-on-overdraft-08092011.html CRL filed comments to the OCC on August 8, 2011 urging them to strengthen rules on overdraft and bank payday lending. Automatic debit overdrafts, re-ordering of account transactions and direct deposit personal loans or bank payday loans unfairly strip fees from consumers. Tue, 09 Aug 2011 00:00:00 -0500 http://www.responsiblelending.org/overdraft-loans/policy-legislation/regulators/comments-to-occ-on-overdraft-08092011.html www.responsiblelending.org-246844820 http://feedproxy.google.com/~r/OverdraftLoans/~3/XlSEP3OiAKU/overdraft-opt-in-savings.html Better Overdraft Policies Put Money Back In Consumers' Pockets: Regulators Must Stop Remaining Overdraft Abuses Thu, 23 Jun 2011 00:00:00 -0500 http://www.responsiblelending.org/overdraft-loans/policy-legislation/regulators/overdraft-opt-in-savings.html www.responsiblelending.org-232448520 http://feedproxy.google.com/~r/OverdraftLoans/~3/OBcOY1IfKOQ/banks-misleading-marketing.html A Center for Responsible Lending survey indicates that most consumers do not want high-cost overdraft coverage for their checking accounts, and that opt-ins are largely based on aggressive and misleading marketing, rather than clear and accurate information from banks. Tue, 26 Apr 2011 00:00:00 -0500 http://www.responsiblelending.org/overdraft-loans/policy-legislation/regulators/banks-misleading-marketing.html www.responsiblelending.org-184831324 http://feedproxy.google.com/~r/OverdraftLoans/~3/4NuWywrY6Uw/joint-letter-tocc-on-overdraft-10132010.html The Center for Responsible Lender added its signature to a letter from national consumer organizations asking the Office of the Comptroller of the Currency (OCC) to adopt stricter overdraft guidelines. Practices that need to be addressed include enrolling customers in fee-based overdraft when they qualify for much lower-cost coverage, charging excessive fees in amount and frequency, re-ordering transactions to maximize fees and deceptive solicitations. Wed, 13 Oct 2010 00:00:00 -0500 http://www.responsiblelending.org/overdraft-loans/policy-legislation/regulators/joint-letter-tocc-on-overdraft-10132010.html www.responsiblelending.org-178247665 http://feedproxy.google.com/~r/OverdraftLoans/~3/A0z2EFo6xtU/comment-to-fdic-on-overdraft_20100927.html CRL and other consumer advocates filed a comment letter with the FDIC supporting most aspects of the agency's proposed guidance on overdraft. The groups also made recommendations on how the agency could go even further in protecting consumers from excessive overdraft fees. Mon, 27 Sep 2010 00:00:00 -0500 http://www.responsiblelending.org/overdraft-loans/policy-legislation/regulators/comment-to-fdic-on-overdraft_20100927.html www.responsiblelending.org-178271002 http://feedproxy.google.com/~r/OverdraftLoans/~3/3dfXsdtPyo0/joint-letter-re-fdic-overdraft-proposed-guidance-20100927.html CRL and a cross-section of civil rights, labor, consumer, housing, community, business, and sustainable and responsible investor groups sent a joint letter to the FDIC expressing support for bringing attention to abusive overdraft practices. The groups support the agency’s common-sense recommendations for actions banks should take to treat their customers more fairly while offering recommendations for how the FDIC could further address its banks deceptive practices. Mon, 27 Sep 2010 00:00:00 -0500 http://www.responsiblelending.org/overdraft-loans/policy-legislation/regulators/joint-letter-re-fdic-overdraft-proposed-guidance-20100927.html www.responsiblelending.org-216270600 http://feedproxy.google.com/~r/OverdraftLoans/~3/ChFlgDtdUR4/federal-judge-orders-wells.html Federal court finds Wells Fargo's posting practices amounted to gouging and profiteering. This 90-page brief addresses Wells' checking account overdraft practices. Tue, 10 Aug 2010 00:00:00 -0500 http://www.responsiblelending.org/overdraft-loans/policy-legislation/courts/federal-judge-orders-wells.html www.responsiblelending.org-163774155 http://feedproxy.google.com/~r/OverdraftLoans/~3/5iAJxC7mXyc/banks-target-mislead-consumers-as-overdraft-deadline-nears.html Banks want you to allow your checking account to be subject to overdraft fees from debit card purchases. Thu, 05 Aug 2010 00:00:00 -0500 http://www.responsiblelending.org/overdraft-loans/research-analysis/banks-target-mislead-consumers-as-overdraft-deadline-nears.html