CFPB’s Proposed Overdraft Rule Would Protect Consumers

"The new overdraft rule will ensure that banks are no longer using predatory overdraft fees to profit from consumers. Most overdraft fees are taken from low-income households when they can least afford it. Commonsense regulations on these fees would protect consumers from surprise charges and fees that often exceed the amount borrowed. Enormous overdraft fees that burden low-income consumers should no longer line the pockets of bank CEOs."…

https://www.commondreams.org/newswire/cfpbs-proposed-overdraft-rule-would-protect-consumers