New House Bill Tackles Overdraft Fees

On Monday, it was Sen. Chris Dodd (D-Conn.) unveiling legislation to rein in overdraft fees. Today it’s Reps. Carolyn Maloney (D-N.Y.) and Barney Frank (D-Mass.) doing the same.

Both bills would require banks to get customer consent before enrolling them in the overdraft protection program; both would cap More…