Overdraft fees are essentially just extremely high interest loans and they trap people in a cycle of debt. So this is yet another move from the current President to help most Americans.
If Trump and the GOP win in November, there will be no new federal rules and regulations to protect you. And likely repeals of any you have now.
Biden administration unveils proposed changes to big banks' overdraft fees:
https://www.cnbc.com/2024/01/17/biden-administration-unveils-proposed-changes-to-big-banks-overdraft-fees.html
Tony Stark /
npub1rq…4whfv
2024-01-18 02:21:03
Author Public Key
npub1rq3wx2tzmyk40v5u36dqz2lx0g0ttymlgz3wfmer53qftlm5e35s74whfvPublished at
2024-01-18 02:21:03Event JSON
{
"id": "9e007eed787cd737d237424d6f77e37760cc7fd40d73d864bf3199283dee610d",
"pubkey": "1822e32962d92d57b29c8e9a012be67a1eb5937f40a2e4ef23a44095ff74cc69",
"created_at": 1705544463,
"kind": 1,
"tags": [
[
"proxy",
"https://progressivecafe.social/users/TonyStark/statuses/111774561927239223",
"activitypub"
]
],
"content": "Overdraft fees are essentially just extremely high interest loans and they trap people in a cycle of debt. So this is yet another move from the current President to help most Americans.\n\nIf Trump and the GOP win in November, there will be no new federal rules and regulations to protect you. And likely repeals of any you have now.\n\nBiden administration unveils proposed changes to big banks' overdraft fees:\nhttps://www.cnbc.com/2024/01/17/biden-administration-unveils-proposed-changes-to-big-banks-overdraft-fees.html",
"sig": "4d6a3e7c4b5c44c14821ba206c5972370d91b3d99b48aaefbe8e468e93a0096e2662a906109f8ad37045221cf93b85ef65c8054d8696655feccfda457b02741e"
}