Abstract: The options would include charging a benchmark fee, set by the bureau, that would be significantly lower than the current $35 standard.
Lead Paragraph:
The Consumer Financial Protection Bureau on Wednesday proposed a rule that would sharply limit overdraft charges at the largest banks and credit unions in the United States, a change that the agency estimated could save households up to $3.5 billion a year in fees.
Source: The New York Times
Category: Business
Sub Category:
2024-01-17T10:03:34+0000
By Stacy Cowley