Phone number here.

8005201534, 8005201534 for the kind of advice I give you in the legal world.

Always at the top of the hour, we start the show and the eight o'clock hour, always the best time to call.

8005201534 also, I have no idea, but some days we go for two hours with the lines all being jammed busy you can't call in so top of the hour generally is the best time to call certainly is now 800 520 1534 this is handle. Marginal legal advice where I tell you you have absolutely no case.

The Biden administration, which is soon to be, well, it is on the way out, has finally done something that I don't know why it hasn't before.

It's a pro-consumer, well, policy,

Consumer Financial Protection Bureau has finalized a rule that basically curbs those overdraft

overdraft fees, the kind that if you go into overdraft by three dollars they cover it we're good guys the banks

say they cover it by the way we're going to charge you 35 dollars every time you do that and they

some really nasty habits and people end up with hundreds of dollars in fees on overdraft

it's suspicable and the government has let that happen.

And finally, what is it, just a few weeks out of the end of the administration.

Okay, we're stopping.

And consumers are going to save maybe $5 billion a year.

The rule, which was just unveiled, would cap over draft fees at $5.

That's it. $5 instead of the $3. The rule, which was just unveiled, would cap over draft fees at five bucks.

That's it.

$5 instead of the $35 in a typical household, well, households in general that do pay over draft fees, will save about $225 per year.

Now we're talking about, what, $2,500, well, no, I can't do the math here, but it's still insane.

Now, of course, the banking trade group saying, oh, no, no, we don't want this new law,

because it could backfire.

You see, it's for charging $35 is a good thing.

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