Senator Reverend Warnock Urges Regulators, Executives Of Major Banks To Set Moratorium On Overdraft Fees In Wake Of Bank Failures
March 25, 2023
March 25, 2023
WASHINGTON, March 25 -- Sen. Raphael G. Warnock, D-Georgia, issued the following news release and letters:
This week, U.S. Senator Reverend Raphael Warnock (D-GA), along with U.S. Senator Cory Booker (D-NJ), 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 (S . . .
This week, U.S. Senator Reverend Raphael Warnock (D-GA), along with U.S. Senator Cory Booker (D-NJ), 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 (S . . .