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Rep. Carolyn Maloney, D-N.Y. Rep. Carolyn Maloney, D-N.Y. (Source: Shutterstock)

A senior Democrat on the House Financial Services Committee is renewing her effort to force financial institutions, including credit unions, to limit the fees they charge people who overdraft their accounts.

Rep. Carolyn Maloney (D-N.Y.) has introduced her “Overdraft Protection Act” during the past several congresses, but the bill did not advanced while Republicans controlled the House.

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David Baumann


Credit Union Times

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