US House Overturns rule limiting bank overdraft fees

If you've bounced a payment in your checking account and forked out a 35-dollar overdraft fee, stay tuned -- we have some more bad news for you ...The House voted Wednesday night to overturn regulation from the Biden administration limiting banking overdraft fees to $5. The argument against the regulation was that it stifled competition in banking and would force them to stop offering overdraft protection entirely. We discuss this regulation and how it affects the average Utahn who is living paycheck to paycheck.