Overdraft Fee Cap: A Terrible Solution to an Already Solved Problem

Thomas Knapp: The US Consumer Financial Protection Bureau, the Financial Times reports, “is proposing to cap overdraft fees at as low as $3, potentially saving consumers billions of dollars a year and stepping up US President Joe Biden’s war on so-called junk fees ahead of the 2024 election.” The simple version, for those unfamiliar with overdraft fees: You … Continue reading Overdraft Fee Cap: A Terrible Solution to an Already Solved Problem → - by Thomas L. Knapp


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