The Biden administration wants to save Americans $3.5 billion a year by making sure banks aren't profiting too much off of overdraft fees

Wed, 01/17/2024 - 05:01

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on June 13, 2023. The committee held a hearing "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress.
Michael A. McCoy/Getty Images

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economy, politics, economy, Policy, biden-administration, overdraft-fees, overdrafts, unplanned-overdrafts, no-overdraft-fee-banks, hidden-fees

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The Biden administration wants to save Americans $3.5 billion a year by making …