Overdraft Rule Tests Chopra's Push the Envelope Tactics, as Industry Gears up for a Battle

Also, Jamie Dimon's annual letter has a lot to say about regulation; credit card late fee suit is a hot potato

Rohit Chopra, by his own telling, believes that using anything less than 100 percent of his available authority amounts to a dereliction of duty. As he sees it, well-funded corporate actors are pulling every available lever to shape the world in their interest. Federal officials, therefore, are obliged to do the same on behalf of the public.

In practice,…