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Published

Overdraft fees could be capped at $5 under new federal rule

  • Overdraft fees could be capped at $5 under a new federal rule.
  • The proposal aims to provide relief for individuals who frequently incur overdraft fees.
  • The new regulation will limit how much banks can charge for these fees.
  • There is growing concern about the impact of overdraft fees on low-income consumers.
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  • 53% of the sources are Center
53% Center
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