Consumer Bureau Proposes Overdraft Fee Limits for Large Banks
·1 min
Options for Lowering Fees in the Bureau #
The bureau is considering different options to lower fees for its services. One possibility is to charge a benchmark fee, which would be set by the bureau and significantly lower than the current standard fee of $35. This change aims to make the bureau’s services more affordable and accessible to a wider range of users. By implementing a lower benchmark fee, the bureau hopes to incentivize more individuals and businesses to utilize its services. This proposal is still under discussion and has not been finalized yet.