This survey summarizes several recent developments affecting bank deposits and payment systems. These include payments-related consent orders and enforcement actions by the Consumer Financial Protection Bureau (“CFPB”) and the Federal Trade Commission (“FTC”), recent case law developments regarding the ability of national banks to assess overdraft fees, and amendments to Regulation CC related to inflationary adjustments and to its application to U.S. territories.
Originally published in The Business Lawyer; Vol. 75, Spring 2020.
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