Overview
Steptoe partners Stephen Aschettino, Benjamin Saul, and Andrew Owens and associate Tarrian Ellis authored an article titled "How Banks Can Prepare For NYDFS Overdraft Overhaul," which appeared in Law360.
The article examines amendments announced by the New York State Department of Financial Services, or NYDFS, to Title 3 of the New York Codes, Rules and Regulations, Parts 32 and 6, which introduced stringent requirements governing overdraft and insufficient funds fees.
