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Potential actions of the CFPA include warning consumers who use debit cards or ATM machines that doing so would overdraft their account; prohibiting charging for overdraft coverage under a plan unless the consumer has "Opted in" to the plan; and limiting the types of credit cards and mortgages that are made available to consumers. Part of the mission of the CFPA, according to Schultz, will be to ensure that "Traditionally underserved consumers and communities have access to lending, investment and financial services," and that the CFPA should maintain a group of examiners specially trained and certified in community development to conduct CRA (Community Reinvestment Act) examinations of larger institutions.
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