On September 5, NYDFS issued a request for information (RFI) seeking further information from state-chartered banks, credit unions, and other stakeholders regarding overdraft and insufficient funds-related policies, procedures, costs and revenues. The RFI followed NYDFS’s release of draft regulations aimed at prohibiting “harmful overdraft practices,” enhancing customer disclosures, and barring transaction processing methods designed to maximize fees. Prior feedback received from certain banking organizations asserted that the draft regulations would be costly or limit overdraft protections for customers.