Call for overdraft changes.

• Position: Cities for Financial Empowerment - Brief article

Call for overdraft changes: The Cities for Financial Empowerment (CFE) Coalition, a coalition of municipal governments, has formally submitted comments to the Federal Reserve in support of prohibiting banks from automatically enrolling consumers into "courtesy" overdraft protection programs. "While residents of cities across the national work to manage their finances in a difficult economy and struggle to build assets for their...