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flag House votes to overturn rule limiting bank overdraft fees to $5, now awaiting Trump's approval.

flag The US House of Representatives voted 217-211 to overturn a rule that would have limited bank overdraft fees to $5, a move now headed to President Donald Trump for approval. flag The Biden administration had estimated the rule would save consumers about $5 billion annually. flag However, Republicans argue that the rule would force banks to stop offering overdraft protection, making credit harder to access. flag Despite opposition from Democrats, who claim the rule would aid consumers who can't afford high fees, the Senate has already approved the resolution to overturn the rule.

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