The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest effort by the Biden administration to combat fees it says pose an unnecessary burden on American consumers, particularly those living paycheck to paycheck.
The change could potentially eliminate billions of dollars in fee revenue for the nation’s biggest banks, which were gearing up for a battle even before Wednesday’s announcement. Exactly how much revenue depends on which version of the new regulation is adopted.
Banks charge a customer an overdraft fee if their bank account balance falls below zero. Overdraft started as a courtesy offered to some customers when paper checks used to take days to clear, but proliferated thanks to the growing popularity of debit cards.
But he won’t stop a war between 2 countries that he isn’t in charge of so I can’t see myself voting for him /s
That’s the media fueling their usual bull. Bernie put up a vote on the issue and 72 out of 100 said ‘Yes’ to allowing Israel to keep their genocide going. It’s crazy
I don’t love him. I think he’s taking half measures mostly as an attempt to maintain an economic status quo while pushing for a little bit of social justice (as a treat). It’s a move in a positive direction… but mostly because it’s the best way to be in opposition of the other side.
I’ll still vote for him, because that’s the only two choices we’re given for the presidential election. I’ll still push for better, and vote more for who I think will actually make a difference at lower levels (state/local races), but I literally can’t vote for who I “love” because it just won’t make any difference.
Love doesn’t enter into the equation, sadly.