Birdwatch Archive

Birdwatch Note Rating

2024-12-17 00:59:38 UTC - HELPFUL

Rated by Participant: 3BC0766D97E9C8C669569ED99AB99F4C8EAC13BB7B9B979989BD5A1BE5069AE2
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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