On March 28, 2025, the ABA Banking Journal reported that Senate has voted in favor of a resolution to overturn the CFPB’s limit on overdraft fees. On December 12, 2024, the CFPB amended Regulations E and Z to update rules for overdraft credit offered by very large banks.

The Senate voted 52-48, moving the overdraft fee limit a step closer to repeal. The resolution pursuant to the Congressional Review Act is now moving to the House, where the Financial Services Committee approved a companion bill with a vote of 30-19.

Read the full ABA Banking Journal article here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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