Republicans Just Made It Easier for Banks to Screw People Over
Government
Senate Republicans voted Thursday to overturn a $5 cap on bank overdraft fees, leaving working-class people vulnerable to exploitation from financial institutions. The Consumer Financial Protection Bureau adopted the cap late last year. It was scheduled to take effect later in 2025. The rule was meant to protect consumers from unreasonable fees levied by banks and credit unions, saving consumers an estimated $5 billion per year total. Chuck Bell, the advocacy program director at Consumer
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