Overdrafts continue to be a hot button issue with examiners, as there has been a shift in mentality from “informing” consumers about their overdrafts to “protecting” them from excessive overdrafts. Over the last several years, there have been numerous warning shots fired by the regulatory agencies, and overdraft reform has consistently appeared on the CFPB’s rulemaking agenda; but we are still waiting for major changes and/or guidance. It’s clear the CFPB does not like overdraft and it will enhance enforcement in this area. It’s imperative you are aware of the current regulatory requirements, guidance, and expectations to keep your bank out of trouble!