Stop Overdraft Profiteering Act of 2021
This bill prohibits a depository institution from engaging in certain acts in connection with overdraft coverage.
Each depository institution that offers overdraft coverage for accounts must disclose overdraft coverage fees and certain related information. A depository institution must provide certain other disclosures regarding its overdraft protection program, including prompt notification of the account's overdraft status.
Regarding overdraft fees, the bill
The bill also prohibits a depository institution from