Reported about 6 hours ago
Republicans are attempting to overturn significant consumer protection regulations regarding overdraft fees and payment apps that were implemented during the Biden administration. They are particularly focused on a proposed $5 cap on overdraft fees, which banks have opposed, and regulations that would impose stricter oversight on digital payment platforms. By using the Congressional Review Act, GOP leaders hope to prevent these rules from ever taking effect, arguing that they impose unnecessary limitations on financial institutions and consumers.
Source: YAHOO