Washington, D.C. — U.S. Senator Jon Ossoff today released the following statement after Senate Republicans voted to overturn a Consumer Financial Protection Bureau (CFPB) rule and increase overdraft fees for Georgia families.
“Today I voted against Senate Republicans’ bill that allows major banks to increase overdraft fees. Despite my opposition, this legislation passed the Senate. Georgians should be aware that they may face exorbitant fees if a checking account is inadvertently overdrawn.”
In December, The CFPB announced a rule limiting banks’ ability to charge overdraft fees.
Last month, Sen. Ossoff and a group of Senators urged the Trump Administration to resume the CFPB’s work investigating and enforcing protections for military families and veterans against predatory lenders.
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