Stay updated with breaking news from Greg Baer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The House of Representatives adopted a defense authorization bill that includes a measure to make it easier for entry-level employees with criminal records to join a bank. Meanwhile, the Senate omitted a pot banking provision from its version of the must-pass spending legislation.
President Joe Biden contended that the administration’s actions on junk fees would “immediately start saving Americans collectively billions of dollars in unfair fees.”
President Joe Biden on Wednesday announced a crackdown on so-called junk fees, including new steps that effectively ban banks from issuing surprise overdraft fees and depositor fees on bounced checks.
New Consumer Financial Protection Bureau guidelines say overdraft fees "that a consumer would not reasonably anticipate" could be illegal. President Biden and CFPB Director Rohit Chopra promoted them at a press briefing Wednesday.
Biden cracks down on 'junk fees' in new economic focus ahead of midterms