On Wednesday, the Biden administration unveiled new regulations aimed at what it called two bank KBE "junk fee" practises.
overdraft fees charged when consumers had enough money in their accounts to cover a debit charge at the time the bank authorised it,
The Consumer Financial Protection Bureau has issued new guidance aimed at according to a news release from the White House.
It also targets "the practise of indiscriminately charging depositor fees to every person who deposits a check that bounces."