Doge Doubles Down On Eliminating The Government Agency That's Cracking Down On Overdraft Fees

DOGE leader Vivek Ramaswamy doubled down on eliminating the Consumer Financial Protection Bureau.Anna Moneymaker/Getty ImagesVivek Ramaswamy doubled down on DOGE's calls to eliminate the Consumer Financial Protection Bureau.He wrote on X that the CFPB overstepped its authority with its recent rule to limit overdraft fees.The CFPB's rule still allows banks to charge overdraft fees, and the bureau has previously pushed back on DOGE's claims.Vivek Ramaswamy is pointing to a government agency's latest rule to give Americans banking relief as an example of why the office should be eliminated.Ramaswamy, who Donald Trump chose along with Elon Musk to make spending cut recommendations with a new Department of Government Efficiency, posted on X on Thursday that the Consumer Financial Protection Bureau has exceeded its authority with its recent rule to limit overdraft fees."The new administration can & should nullify this overreach, but we must go further: this latest gambit of the CFPB is just a symptom of a deeper (and unconstitutional) cancer of unelected bureaucrats substituting their policy judgments for those of Congress," Ramaswamy said.

BING NEWS:
  • DOGE doubles down on eliminating the government agency that's cracking down on overdraft fees
    Vivek Ramaswamy, a DOGE leader with Elon Musk, argued the Consumer Financial Protection Bureau is "un-American" after it limited overdraft fees.
    12/26/2024 - 5:35 am | View Link
  • The White House is cracking down on overdraft fees
    The Consumer Financial Protection Bureau is capping the fees at $5 with a rule set to take effect in October 2025, if it isn't overturned by Congress or altered under a Trump administration ...
    12/12/2024 - 2:26 am | View Link
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