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We're sorry, this alert is no longer available. If you would like to learn more about ways you can take action, please visit Center for Responsible Lending.

The short explanation of this alert was:
Representatives Maloney (D-NY), Frank (D-MA), and Carson (D-IN) have introduced legislation to protect consumers from abusive overdraft loan programs, while preserving the ability of financial institutions to cover truly occasional overdrafts as a courtesy that does not trigger the Act's requirements.

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