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CR letter to Senate Banking Committee in support of the Stop Overdraft Profiteering Act

Consumer Reports letter to the Senate Banking Committee urging members to support the Stop Overdraft Profiteering Act of 2022, which limits the number of overdraft fees that can be charged each month and year, requires banks to post transactions so that overdraft fees are minimized, and requires overdraft fees to be proportional to the cost of covering the overdrawn transaction.