Updated with analyst commentary.
NEW YORK (TheStreet) --
-- Bank fee income, already under pressure from a host of new regulations, might be further threatened by the Consumer Financial Protection Bureau's latest probe into overdraft practices.
Overdraft fees have already declined for the industry following the implementation of a rule under Dodd Frank called Regulation E in 2010, that mandated that banks make customers opt in for overdraft protection instead of enrolling them by default.
Consumer Financial Protection Bureau Director Richard Cordray
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