Summary
The Biden Administration, through the Consumer Financial Protection Bureau (CFPB), is capping overdraft fees at $5, down from $35, starting Oct. 1, 2025.
The move, targeting “junk fees,” could save U.S. consumers $5 billion annually.
The CFPB suggests banks adopt cost-based fees or offer overdraft credit lines while disclosing interest rates.
Industry groups oppose the rule, and its future is uncertain under a Republican-controlled Congress and the incoming Trump administration.
You claimed Biden would be impeached if he allowed a bank executive to be arrested.
I said even if he was impeached it wouldn’t matter. Republicans don’t have the 2/3rd majority to dismiss him.
I also said the Democrats would vote to dismiss him. I doubt anyone would not vote to remove him as he would be clearly ignoring the checks and balances and if Congress allowed him to ignore the Supreme Court, it would mean he congress wouldn’t have the power to balance anything either if they didn’t. Aka a full on dictatorship. Even the skevy Congress members would vote to keep power and order
Trump had his minions overrun the capital in an attempt to assassinate the vice president along with key Democrats and Republicans didn’t vote to convict.
Democrats absolutely would not vote to convict over a bank executive being charged with a crime and arrested.
Except it isn’t a crime, no written law as Congress decided they didn’t want it, so there are no charges, and the courts said it’s unconstitutional… So the arrest was illegal, the detaining is illegal and I’m not sure why it’s even a debate as it would never happen because the president isn’t dumb enough to do that.
Also if they didn’t vote to remove him the U.S. populous should forcibly remove him, for overthrowing a democracy.
It falls under the umbrella of fraud.
That there isn’t a specific law about that specific practice is up to the courts to decide.
If I obtained a new product from a new store using a new method I could still get arrested under the umbrella of “stealing” even though there wasn’t a specific law for my crime.