NACA in the News: Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not

Detroit Free Press, Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not

“On Thursday, the National Association of Consumer Advocates said the new rule could face the threat of reversal if Congress uses a law, the Congressional Review Act, which allows Congress to overturn rules using expedited procedures, including limited debate and a simple majority vote.

‘The only way that this rule can live up to its promises to put money back into families’ pockets is if members of Congress support this important economic action for their constituents and simply let the rule go into effect,’ said Christine Hines, senior policy director at the National Association of Consumer Advocates.”