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The Independent UK
The Independent UK
Gustaf Kilander

Senate overturns rule that limited bank overdraft fees to $5

Elizabeth Warren Donald Trump Republican CFPB

The Senate voted early on Thursday to overturn a rule that limited most bank overdraft fees to $5 — and was set to save Americans billions of dollars annually.

It was a nearly party-line vote, 52 to 48, with Sen. Josh Hawley of Missouri being the only Republican to oppose the measure. The resolution is now set to move on to the House. Arkansas Republican Rep. French Hill introduced a parallel resolution in February, The New York Times noted.

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