inclementimmigrant@lemmy.world to

politics @lemmy.world · 11 days ago

New Federal Rule Limits Overdraft Fees at Large Banks

www.nytimes.com

3

55

New Federal Rule Limits Overdraft Fees at Large Banks

www.nytimes.com

inclementimmigrant@lemmy.world to

politics @lemmy.world · 11 days ago

3

Chat

AdamEatsAss@lemmy.world
link
fedilink
arrow-up
2·
11 days ago
So they just need to define the fee? Why not make it illegal to allow overdrafting?
- JWBananas@lemmy.world
  link
  fedilink
  English
  arrow-up
  4·
  11 days ago
  It was already made illegal (as of mid 2010) without affirmative opt-in by the consumer.
  
  https://www.consumerfinance.gov/rules-policy/regulations/1005/17/
  
  Anyone who paid overdraft fees beyond August 15, 2010 affirmatively chose to do so.

politics @lemmy.world

politics@lemmy.world

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]

Welcome to the discussion of US Politics!

Rules:

Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to “Mom! He’s bugging me!” and “I’m not touching you!” Going forward, slapfights will result in removed comments and temp bans to cool off.
Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That’s all the rules!

Civic Links

• Register To Vote

• Citizenship Resource Center

• Congressional Awards Program

• Federal Government Agencies

• Library of Congress Legislative Resources

• The White House

• U.S. House of Representatives

• U.S. Senate

Partnered Communities:

• News

• Business News

• Political Discussion

• Ask Politics

• Military News

• Global Politics

• Moderate Politics

• Progressive Politics

• UK Politics

• Canadian Politics

• Australian Politics

• New Zealand Politics

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

2.64K users / day
6.09K users / week
10.1K users / month
25.6K users / 6 months
2 local subscribers
19.2K subscribers
17.2K Posts
489K Comments
Modlog