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Bankers group pushes back on Biden's proposed $3 overdraft fee cap

(The Center Square) – A federal agency wants to cap the cost of bank overdraft fees to as low as $3 in a move a bank industry trade group called a misguided political stunt during an election year.

The Consumer Financial Protection Bureau proposed a rule Wednesday 'designed to rein in excessive overdraft fees charged by the nation's biggest financial institutions.' A group of bankers called it the …

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