👀 I’m Just a Bill — Overdraft Fee Cap

A Liana Banyan “I’m Just a Bill” Bounty Poster

What is this bill?

Federal overdraft-fee cap legislation in the 119th Congress. Current bank overdraft fees average $30-35; documented extraction pattern from low-income account holders.

What does it actually do?

• Fee cap — limits per-overdraft fee (typically proposed $3-$10)
• Per-day cap — limits aggregate daily overdraft fees
• Reasonable-and-proportional standard — requires fees be tied to actual costs
• Disclosure — strengthens overdraft-protection disclosure requirements
• Credit-union exemption — most proposals carve out small credit unions

Who votes when?

• House Financial Services + Senate Banking active consideration; CFPB rulemaking parallel track

How does this affect cooperative-class families?

Composes with #7 MSA (Cathie Mahon, Inclusiv credit-union model) and #10 VSL peer-to-peer cooperative finance. Cooperative-class members who currently absorb overdraft fees would benefit; the cooperative-finance trio is the structural alternative to bank-class fee-extraction.

Shirley Temple Truth Score

🟡 Provisional.

Help Each Other Help Ourselves.