1. United States
2. Calif.
3. Letter

The Consumer Financial Protection Bureau's recent proposal to limit excessive overdraft fees charged by banks has faced opposition from Republican lawmakers. These fees disproportionately impact financially vulnerable Americans, further exacerbating economic hardship. By siding with big banks over customers, Republicans are prioritizing corporate profits over the well-being of constituents. Reasonable limits on predatory overdraft practices are crucial for protecting consumers and promoting financial stability. I urge you to support the CFPB's efforts to rein in abusive fees and increase transparency in the banking industry.