Reject Legislation to Overturn the Overdraft Fee Cap

I am writing to express my strong opposition to the proposed legislation that would overturn the cap on excessive overdraft fees imposed by banks and credit unions. This bill is a direct attack on low-income and working-class Americans—those who are already struggling to keep up with rising costs and economic instability. Overdraft fees disproportionately affect people living paycheck to paycheck, often punishing them not for financial irresponsibility, but for simply trying to make ends meet. A single miscalculation or unexpected expense should not be an opportunity for banks to gouge consumers with exorbitant fees that only drive them deeper into financial hardship. The notion that this bill promotes “financial discipline and responsibility” is nothing more than a smokescreen—in reality, it enables predatory practices that enrich financial institutions at the expense of the most vulnerable. At a time when Americans are already facing economic strain due to inflation and corporate price gouging, Congress should be protecting consumers from exploitative banking practices, not handing billion-dollar banks a license to siphon even more money from struggling households. This legislation does nothing to help your constituents—in fact, it actively harms them by transferring wealth from working families to highly profitable financial institutions. I urge you to reject this blatant giveaway to corporate interests and instead focus on policies that provide real financial relief for everyday Americans. Your constituents are watching, and we expect you to stand up against this harmful and regressive proposal.