Birdwatch Note Rating
2024-12-16 22:46:08 UTC - NOT_HELPFUL
Rated by Participant: 5EAC0B7BD93A4F324B6F237D03049981E98D5EE01BD7B5FB0032871C2B8C66B6
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
All Note Details