Birdwatch Archive

Birdwatch Note Rating

2024-12-16 14:55:12 UTC - NOT_HELPFUL

Rated by Participant: 778BF1D96D209382787223C6D065917AFA92FE22BFA5B79ECC7FB0BB449D6AA8
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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