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Salon
Salon
Politics
Quinn Sental

THE TRUTH ABOUT: Gop takes aim at cfpb overdraft rule - The Untold Story

Republicans in Congress are trying to overturn a Biden-era rule that would slash excessive overdraft fees charged by big banks. 

The House Financial Services Committee voted Wednesday to repeal the rule, which limits most big bank overdraft charges to $5, down from the standard $35 per transaction. Similar legislation has been introduced in the Senate. 

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