Trump Administration Puts Brakes on CFPB Plan to Slash $15 Billion in Overdraft Fees
2025-02-13
Fortune
In a move that's set to impact millions of Americans, the new CFPB lead has put a halt on a Biden-era rule aimed at saving consumers a whopping $15 billion annually in bank overdraft fees. This pause has significant implications for personal finance and banking regulations, with potential effects on consumer protection and financial inclusion. As the Consumer Financial Protection Bureau re-evaluates its stance, experts predict a shift in the landscape of online banking and financial services. With keywords like 'overdraft fees' and 'consumer protection' at the forefront, this development is sure to spark debate and discussion.
