Vox: The Biden administration’s plan to slash bank overdraft fees, explained
The Biden administration has proposed a new rule that would curb overdraft fees incurred when consumers withdraw more than the available funds in their bank account. Originally appearing in Vox on Jan. 17, 2024, Nicole Narea turns to NCLC Associate Director Lauren Saunders to help explain the rule. “These fees push people out of bank accounts and deprive them of access…
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