Sen. Van Hollen Pushes to Restore Protections Against Sneaky Bank Overdraft Fees
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Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Small business owners who use personal or small-business checking accounts can be hit by overdraft fees during cash flow crunches. Clearer opt-in standards would help ensure they aren't unknowingly enrolled in overdraft programs with expensive per-transaction fees.
Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 47 - 53. Record Vote Number: 123. (consideration: CR S2265-2266)
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Placed on Senate Legislative Calendar under General Orders. Calendar No. 386.
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Senate Committee on Banking, Housing, and Urban Affairs discharged, by petition, pursuant to 5 U.S.C. 802(c).
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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Introduced in Senate
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On the Motion to Proceed
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Document Type
Congressional Bill
Official Title
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to withdrawal of the rule relating to "Consumer Financial Protection Circular 2024-05: Improper Overdraft Opt-In Practices".
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