Following the Consumer Financial Protection Bureau's June 29 deadline for comments on overdraft programs, CUNA on Monday released the comment letter it sent to the bureau, along with the results of a survey it conducted among its members.
In the letter, CUNA urged the bureau to refrain from imposing new rules and limits on credit union overdraft programs.
"Credit unions offer overdraft programs as a convenience and accommodation for their members and have indicated many members appreciate these services," wrote Deputy General Counsel Mary Mitchell Dunn.
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