Lawmakers Move to Overturn CFPB’s Overdraft Fee Cap
Wednesday, February 26, 2025
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Posted by: Sierra Lindemann
Congressional leaders have introduced resolutions to block the CFPB’s new rule capping overdraft fees, citing concerns over financial access and regulatory overreach. Supporters argue the rule could limit consumer choice and push Americans toward riskier financial products. The move sets the stage for a policy showdown over the balance between consumer protection and the availability of overdraft services.