Booker, Warnock Urge Regulators, Executives Of Major Banks To Set Moratorium On Overdraft Fees In Wake Of Bank Failures
March 23, 2023
March 23, 2023
WASHINGTON, March 23 -- Sen. Cory Booker, D-New Jersey, issued the following news release and letters:
U.S. Senators Cory Booker (D-N.J.) and Raphael Warnock (D-GA) urged regulators to set a temporary moratorium on overdraft and nonsufficient fund fees and urged the CEOs of the ten banks generating the most revenue from these fees to waive them for their customers.
The Senators' action comes after the failures of Silicon Valley Bank (SVB) and Signature Bank this mo . . .
U.S. Senators Cory Booker (D-N.J.) and Raphael Warnock (D-GA) urged regulators to set a temporary moratorium on overdraft and nonsufficient fund fees and urged the CEOs of the ten banks generating the most revenue from these fees to waive them for their customers.
The Senators' action comes after the failures of Silicon Valley Bank (SVB) and Signature Bank this mo . . .