Sens. Booker, Brown Urge Banks to Temporarily Ban Burdensome Overdraft Fees
April 18, 2020
April 18, 2020
WASHINGTON, April 18 -- Sen. Cory Booker, D-New Jersey, issued the following news release:
U.S. Senators Cory Booker (D-NJ) and Sherrod Brown (D-OH) urged more than a dozen bank CEOs to temporarily ban charging customers burdensome bank overdraft fees during the coronavirus emergency. Banks charge such fees to consumers when they make a purchase or pay a bill but don't have sufficient funds in their account; typically the charge is $35. Such fees fall disproportionately on those who . . .
U.S. Senators Cory Booker (D-NJ) and Sherrod Brown (D-OH) urged more than a dozen bank CEOs to temporarily ban charging customers burdensome bank overdraft fees during the coronavirus emergency. Banks charge such fees to consumers when they make a purchase or pay a bill but don't have sufficient funds in their account; typically the charge is $35. Such fees fall disproportionately on those who . . .