Since the start of the new year, the Consumer Financial Protection Bureau (CFPB) has been busy proposing rules targeted at eliminating or significantly restricting the ability of banks to assess fees for processing overdrafts or returning payments that overdraw consumers' accounts. The CFPB issued this notice of proposed rulemaking (NPRM) as part of its initiative on what it describes as "junk fees." Bankers have responded in protest, citing a Morning Consult poll that found that nine in 10 consumers (88%) find their bank's overdraft protection valuable, and nearly eight in 10 consumers (77%) who have paid an overdraft fee in the past year were glad their bank covered their overdraft payment, rather than returning or declining payment.