Rep's vote to increase bank fees

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"Last week, House Financial Service Committee Chair French Hill (R-Ark.) and Senate Banking Committee Chairman Tim Scott (R-S.C.) introduced legislation to repeal the rule, which eliminated junk fees associated with account overdrafting — capping the penalty at $5 — and gave banks several options to manage overdraft costs without placing an excess burden on consumers.

The Trump administration endorsed the legislation on Monday, with Office of Management and Budget Director and Consumer Financial Protection Bureau Interim Director Russ Vought writing on X that he was “grateful” that the representatives had introduced legislation overturning the rule. “Passing this important legislation will immediately further President Trump’s deregulatory agenda,” he wrote."

From Rolling Stone

Making the banks quite happy: https://prospect.org/economy/2025-02-17 ... bank-fees/