In a report released last June, the Consumer Financial Protection Bureau (CFPB) found that opting-in to overdraft coverage puts consumers at risk in part due to the fact that most banks have adopted automated systems for assigning overdraft fees (See our June 12, 2013, blog post for more information). The bureau, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller jointly proposed last year that "all institutions include detailed breakdowns of their revenue from account fees in the public quarterly reports they file with the FDIC," Bloomberg reports. In response to complaints from small banks, which "earn a larger slice of their revenue" from checking account fees, the FDIC and OCC broke ranks with the bureau and opposed the change. Then last month, federal regulators released a revised version of the plan, which "would exempt banks with assets under $1 billion." Despite this change, the Independent Community Bankers of America trade group still opposes it, describing it as the "latest in a long line of new regulatory burdens faced by" small institutions. The group is asking federal regulators to exempt all institutions with total consolidated assets of less than $10 billion, the article said. For more, read the full story.