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Birdwatch Note Rating

2024-12-16 11:54:51 UTC - NOT_HELPFUL

Rated by Participant: B051D41350DD74DB36F99AB3CDC4BF648181FCBF6B64E8C8B9A0DB7068AA67CA
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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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