Appearing in CBS News on September 16, 2026, Joshua Sidorowicz references NCLC’s report and issue brief, The $12 Billion Overdraft Trap: State Options to Limit Overdraft and Nonsufficient Fund Fees.
According to the National Consumer Law Center, consumers paid more than $12 billion in overdraft and insufficient funds fees in 2025, despite years of efforts by regulators to curb the charges.
Federal regulators had previously proposed limiting many overdraft fees to about $5. However, that rule was reversed, allowing many banks to continue charging fees that can exceed $30 when an account balance drops below zero.
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