By Jasmine Browley ·Updated January 22, 2024
The Biden administration is taking action to do away with damaging overdraft fees banks charge customers. The move comes in an effort to alleviate burdensome money-sucks that already cash-strapped Americans are crippled by.
“For too long, some banks have charged exorbitant overdraft fees — sometimes $30 or more — that often hit the most vulnerable Americans the hardest, all while banks pad their bottom lines,”
