Birdwatch Note Rating
2024-12-16 05:45:26 UTC - NOT_HELPFUL
Rated by Participant: 85FE801A0E4C7BAC39513D0F4DE571B9372654806F0B8888B6020B4DE25F3880
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