The New York Times, January 17, 2023, Consumer Bureau Proposes Overdraft Fee Limits For Large Banks
Jesse Van Tol, the CEO of the National Community Reinvestment Coalition, called overdraft fees, which many banks charge as often as three times per day, “a way of fleecing people who live paycheck to paycheck — a morally repugnant and economically indefensible practice which the CFPB is right to curb.”
