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2024-12-16 17:04:22 UTC - NOT_HELPFUL

Rated by Participant: 914DA1818780115A2CC14156EBFEBDC0CFACCE90591D7453C36A02EC90F5F743
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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