Birdwatch Archive

Birdwatch Note Rating

2024-12-16 16:47:53 UTC - HELPFUL

Rated by Participant: 2FD1BE08604BAF60498330B20383CE1E3E75D38EADBC0D001C4B3683E8B496DB
Participant Details

Original Note:

President Biden has proposed caping overdraft fees at $5 beginning in October, 2025; however his proposal faces numerous legal challenges. Legal scholars claim he has no legal basis to set such rules. This will likely be squashed in litigation. https://www.cnn.com/2024/12/12/business/cfpb-overdraft-bank-fees-rules/index.html

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Original Tweet

All Information

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