Birdwatch Note Rating
2024-12-16 21:43:17 UTC - NOT_HELPFUL
Rated by Participant: 793010E0C6F626C5A340EEC71BCA714B563ADE360E7C22B1FD8EE4D2A20A99BC
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