The House voted 217-211 in favor of overturning the Consumer Financial Protection Bureau's (CFPB) cap on overdraft fees banks can charge. With the approval, the measure goes to president Donald Trump to sign.
The rule, put in place by the Biden administration in December, capped what they called "junk fees" banks could impose on customers, including overdraft charges. The rule was slated to start on October 1 later this year.
