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The Independent UK
The Independent UK
National
Michelle Chapman

Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees

Financial-Wellness-Overdraft-Fees-Cap - (Copyright 2020 The Associated Press. All rights reserved.)

Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge.

The rule is part of President Joe Biden administration's campaign to reduce junk fees that hit consumers on everyday purchases, including banking services.

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