Big Banks Are BIG MAD Over Biden Admin's New Rules On Overdraft Fees

The Consumer Financial Protection Bureau is limiting bank overdraft junk fees, capping them as low as $3. Ana Kasparian discusses on The Young Turks.

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Read more HERE: https://www.washingtonpost.com/business/2024/01/17/bank-overdraft-fees-cfpb-rules/

"The U.S. government on Wednesday proposed to limit bank overdraft fees, which companies can charge customers who spend more money than they have available in their accounts, touching off a fierce fight with financial giants eager to preserve their profits from federal regulation.

The new draft rules, unveiled by the Consumer Financial Protection Bureau, could cap some of the charges as low as $3, part of a suite of potential changes meant to aid low-income Americans who are most at risk of racking up substantial debts."

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