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Last Updated, Jan 17, 2024, 2:58 PM
Joe Biden pledges to slash overdraft fees in half to kill 'cash cow' of bankers | Personal Finance | Finance
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The cost of overdrawing a bank account could fall to as little as $3 under a new proposal announced by the White House on Wednesday.

It comes as the Biden administration looks to tackle fees it says bring an unnecessary burden on US consumers, particularly low-income families.

Officials said the move could save consumers, who can pay as much as $37 everytime they go into negative balance – a total of $3.5 billion a year.

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