Biden takes aim at excessive bank charges, propose significant reduction in overdrawn account fees

By Stacy M. Brown WI Senior Writer President Biden has announced a proposal to dramatically reduce the cost of overdrawing a bank account. The initiative targets what it views as unnecessary financial burdens on consumers, particularly those living paycheck to paycheck. The proposed regulation could cap the overdrawn account fee at $3, which would represent […] The post Biden takes aim at excessive bank charges, propose significant reduction in overdrawn account fees appeared first on North Dallas Gazette.