The End of Overdraft Fees Is Finally Happening
The Biden administration is ending bank overdraft fees as we know them
Under a new Consumer Financial Protection Bureau rule, overdraft fees at large banks will be strictly regulated and capped as low as $3.
These fees generate billions of annual revenue for banks, while pushing low-income people deeper into debt.
Stopping their predatory scheme will save low-income Americans billions.
We sat down with CFPB Director Rohit Chopra to talk about what’s going on.
