Posted by: tps8249 February 8, 2024
Biden administration unveils proposed changes to big banks' overdraft fees
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The Consumer Financial Protection Bureau unveiled a highly anticipated rule proposal targeting big banks' overdraft fee practices.

Since 2000, American consumers have paid an estimated $280 billion in bank overdraft fees, according to CFPB data.

"Banks call it a serviceā€”I call it exploitation," said President Joe Biden.
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