Reported 9 days ago
The House voted to repeal a Biden-era rule that capped bank overdraft fees at $5, allowing banks to continue charging higher fees. This decision, which follows similar action in the Senate, passed with a narrow margin of 217-211 and will be sent to President Trump for approval. Republicans argue that the regulation would harm banks' ability to provide overdraft protection and lead consumers to less regulated lending options, while Democrats claim it would protect consumers from excessive fees.
Source: YAHOO