https://cephas.lianabanyan.com/tags/overdraft/Recent content in Overdraft on Cephas - Liana Banyan Knowledge CenterHugo -- 0.152.2en-us© 2026 Liana Banyan Corporation. All rights reserved.Tue, 12 May 2026 00:00:00 +0000https://cephas.lianabanyan.com/im-just-a-bill/overdraft-fee-cap/Tue, 12 May 2026 00:00:00 +0000https://cephas.lianabanyan.com/im-just-a-bill/overdraft-fee-cap/<h1 id="-im-just-a-bill--overdraft-fee-cap">👀 I&rsquo;m Just a Bill — Overdraft Fee Cap</h1> <h2 id="a-liana-banyan-im-just-a-bill-bounty-poster">A Liana Banyan &ldquo;I&rsquo;m Just a Bill&rdquo; Bounty Poster</h2> <h2 id="what-is-this-bill">What is this bill?</h2> <p>Federal overdraft-fee cap legislation in the 119th Congress. Current bank overdraft fees average $30-35; documented extraction pattern from low-income account holders.</p> <h2 id="what-does-it-actually-do">What does it actually do?</h2> <ul> <li><strong>Fee cap</strong> — limits per-overdraft fee (typically proposed $3-$10)</li> <li><strong>Per-day cap</strong> — limits aggregate daily overdraft fees</li> <li><strong>Reasonable-and-proportional standard</strong> — requires fees be tied to actual costs</li> <li><strong>Disclosure</strong> — strengthens overdraft-protection disclosure requirements</li> <li><strong>Credit-union exemption</strong> — most proposals carve out small credit unions</li> </ul> <h2 id="who-votes-when">Who votes when?</h2> <ul> <li>House Financial Services + Senate Banking active consideration; CFPB rulemaking parallel track</li> </ul> <h2 id="how-does-this-affect-cooperative-class-families">How does this affect cooperative-class families?</h2> <p>Composes with <strong>#7 MSA</strong> (Cathie Mahon, Inclusiv credit-union model) and <strong>#10 VSL</strong> 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.</p>