Consumer Overdraft Protection Fair Practices Act

H.R. 3449, the Consumer Overdraft Protection Fair Practices Act, seeks to regulate how financial institutions manage and advertise overdraft protection services. The bill would require banks to provide clearer disclosures regarding fees and terms, while placing specific restrictions on how these programs are promoted to consumers. If enacted, the legislation would aim to prevent unexpected charges by ensuring customers are better informed about when and how overdraft fees are applied to their accounts.