House Rejects Overdraft Fee Cap, Tech Payment App Oversight
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The House of Representatives voted to overturn two financial regulations. A $5 cap on bank overdraft fees was repealed 217-211, with one Republican dissenting. Another rule granting federal oversight of tech company payment apps was also overturned, 219-211, along party lines. These resolutions, already approved by the Senate, now await President Trump's signature.
The House of Representatives voted to overturn two financial regulations. A $5 cap on bank overdraft fees was repealed 217-211, with one Republican dissenting. Another rule granting federal oversight of tech company payment apps was also overturned, 219-211, along party lines. These resolutions, already approved by the Senate, now await President Trump's signature.
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