Senate and House overturns Biden's $5 cap on Bank over draft fees

[StmarysCity79]

Wonder who's pocket these guys are in and who they are working for.

Not the little guy

The House voted Wednesday to overturn a rule that would have limited bank overdraft fees to $5, following the Senate in moving to dismantle the regulation that the Biden administration had estimated would save consumers billions of dollars.

The resolution killing the rule, which passed the House 217-211, will now head to the White House for President Donald Trump’s signature. Republicans argued that the “disastrous” regulation issued in the final days of President Joe Biden’s term would have forced banks to stop offering overdraft protection altogether and made it harder for Americans to access credit.

House votes to overturn Biden-era rule limiting bank overdraft fees to $5, sends to Trump to sign

The House has voted to overturn a rule that would have limited bank overdraft fees to $5, following the Senate in moving to dismantle the Biden-era regulation that the Consumer Financial Protection Bureau had estimated would save consumers billions of dollars.

apnews.com

 

[TPD]

If the deterrent isn’t strong enough people will abuse the system. $5 isn’t a deterrent, $35-50 is.

 

[StmarysCity79]

If the deterrent isn’t strong enough people will abuse the system. $5 isn’t a deterrent, $35-50 is.

LOL. Your'e a joke

 

[Kyle]

If the deterrent isn’t strong enough people will abuse the system. $5 isn’t a deterrent, $35-50 is.

And there’s an easy answer… Don’t overdraft your account.

How much simpler can that be?

 

[LtownTaxpayer]

LOL. Your'e a joke

Let me help you "you're a joke"

Better? Are you seriously getting excited about $5 fee going away? Still carrying that hammer? Bless your heart.

 

[StmarysCity79]

Let me help you "you're a joke"

Better? Are you seriously getting excited about $5 fee going away? Still carrying that hammer? Bless your heart.

I'm showing you that Trump is screwing the little guy because the banks asked him to.

Enjoy your higher fees, tariffs and credit card fees loser.

Trumps tariffs are estimated to cost the average American an extra $5000 a year.

 

[LtownTaxpayer]

I'm showing you that Trump is screwing the little guy because the banks asked him to.

Enjoy your higher fees, tariffs and credit card fees loser.

Trumps tariffs are estimated to cost the average American an extra $5000 a year.

Anything Trump wants the democrats and their foilhat wearing tribe are against. You are clueless. Can you understand that any reduction Trump negotiates will lower the costs to Americans? You lack the understanding to be able to comprehend what is going on, so keep spewing your BS talking points provided for you. Bless your heart!

 

[StmarysCity79]

Anything Trump wants the democrats and their foilhat wearing tribe are against. You are clueless. Can you understand that any reduction Trump negotiates will lower the costs to Americans? You lack the understanding to be able to comprehend what is going on, so keep spewing your BS talking points provided for you. Bless your heart!

Reduction in what? He has raised Tariff's. He hasn't reduced anything expect the size of your retirement account.

You think we need to bring sweatshop jobs here like China has? Or make cheap plastic junk here?

 

[TPD]

I would ask - do we really need the cheap plastic junk?

 

[PrchJrkr]

Reduction in what? He has raised Tariff's. He hasn't reduced anything expect the size of your retirement account.

You think we need to bring sweatshop jobs here like China has? Or make cheap plastic junk here?

Are you for real or is this just a lib troll account? Serious question.

 

[BOP]

I'm showing you that Trump is screwing the little guy because the banks asked him to.

Enjoy your higher fees, tariffs and credit card fees loser.

Trumps tariffs are estimated to cost the average American an extra $5000 a year.

 

[LtownTaxpayer]

Reduction in what? He has raised Tariff's. He hasn't reduced anything expect the size of your retirement account.

You think we need to bring sweatshop jobs here like China has? Or make cheap plastic junk here?

The whole point of the tariffs is to get more equal trade. I think you have jumped the shark. Where is that ignore button?