• BraveSirZaphod@kbin.social
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    10 months ago

    Gonna take it you didn’t read the article, because this literally is the Consumer Financial Protection Bureau:

    Under the proposal, banks could continue to charge fees when a customer’s account falls below zero, but either at a price in line with the bank’s actual costs to administer the overdraft or at an established benchmark created by the new rule.

    The Consumer Financial Protection Bureau (CFPB) proposed potential fees of $3, $6, $7 or $14 and is seeking feedback from banks and the public on what would be appropriate. Current overdraft fees often push $30 or more, taking a significant bite out of low-income accounts.

    • M. Orange@beehaw.org
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      10 months ago

      I think they were saying the CFPB should take up stopping all predatory fees as their top priority.

    • BobGnarley@lemm.ee
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      10 months ago

      Lol theyre gonna make it $14 and cut it just under half. It helps I guess but Its funny how theyre like $3 (or $14)