This may seem like a small thing, but for the people most affected by these exorbitant fees, this is big:
https://www.cnbc.com/2024/01/19/biden-administration-plans-to-slash-overdraft-fees-at-big-banks.html
The Consumer Financial Protection Bureau on Wednesday proposed a set of new rules that would slash the fees banks charge customers for withdrawing more than the available funds in their account.
Americans have paid an estimated $280 billion in overdraft fees since 2000, according to data from the consumer watchdog agency. Over the same period, major banks have steadily boosted profits.
“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,” President Joe Biden said in a statement. “Banks call it a service — I call it exploitation.”
However, banking groups and some on Capitol Hill think the rules would limit a service that many financially vulnerable Americans rely on.
The proposal now faces a lengthy regulatory approval process, a period during which the public can provide feedback. For now, the proposed changes are set to take effect in October 2025