Overdraft fees could be capped at $5 under new federal rule
Overdraft fees could be capped at $5 under new federal rule
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The CFPB's crackdown on overdraft fees has significantly eased the burden on consumers, with annual fees dropping from $12 billion pre-pandemic to $5.8 billion in 2023. However, recent efforts to dismantle the CFPB threaten this progress, potentially reversing the substantial savings achieved for millions of us.
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