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Biden administration unveils new proposal to lower overdraft banking fees
This version of Mmvo202269253791 - Breaking News | NBC News Clone was adapted by NBC News Clone to help readers digest key facts more efficiently.
The Consumer Financial Protection Bureau has unveiled a new banking proposal that would cut or greatly reduce overdraft fees. According to data from the CFPB, Americans paid an estimated $280B in overdraft fees over the last 23 years and the Biden administration is hoping to slash those costs for the consumer.
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