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Reposted
At the behest of Wall Street donors, Congressional Republicans are trying to overturn the CFPB's new rule against predatory overdraft fees.
The rule would have capped overdraft charges at $5, saving consumers $5B annually.
The GOP is the party of junk fees.
The rule would have capped overdraft charges at $5, saving consumers $5B annually.
The GOP is the party of junk fees.
Banks Approve of Republicans Increasing Bank Fees
A Biden-era CFPB rule limiting overdraft fees is under challenge, and lawmakers used bank lobbyists for their testimonials.
prospect.org
February 18, 2025 at 6:00 PM
At the behest of Wall Street donors, Congressional Republicans are trying to overturn the CFPB's new rule against predatory overdraft fees.
The rule would have capped overdraft charges at $5, saving consumers $5B annually.
The GOP is the party of junk fees.
The rule would have capped overdraft charges at $5, saving consumers $5B annually.
The GOP is the party of junk fees.