The voices of the House of Representatives to cancel the Biden era base, which limits the open drawing fees to $ 5, sent to Trump to sign

New York (AP) – The House of Representatives voted on Wednesday to cancel a base for it Exposed drawing fees from banks limited To 5 dollars, after the Senate to move to the dismantling of the regulations that the Biden administration estimated, consumers will provide billions of dollars.

The decision that kills the base, which passed the house 217-211, will now go to the White House to sign President Donald Trump. Republicans have argued that the “catastrophic” list, which was issued in recent days of President Joe Biden’s mandate, forced banks to stop providing completely open cloud protection and made it difficult for Americans to obtain credit.

“Competition and innovation, not the price covers imposed by the government, are still the best way to ensure access to financial products and services at reasonable prices.”

Currently, the country’s largest banks get about $ 8 billion in charges every year, according to data from the Financial Consumer Protection Office and the public records of the banker. Currently, there is no cover on the open cloud fees that banks can charge legally.

Banks and banking groups were previously A lawsuit against al -QaedaOn the pretext that he would have tended consumers to worse and less organized services. Republicans voted to retract regulations under the Congress Review Law, a 1996 law that allows Congress to contrary to the recently approved rules.

The Democrats strongly opposed this effort and said that the base would help consumers who could not bear the fees. California MP Maxine Waters, the largest democracy in the Financial Services Committee, said that the Americans “are tired of these unwanted fees” and want to control them.

The rule, which is scheduled to enter into force in October, was part of Biden’s efforts to reduce the fees that struck consumers on daily purchases, including banking services. CFPB estimated that the base would have saved consumers about $ 5 billion in annual open drawing fees, or $ 225 for each family usually suffering from fees. Biden had been given fees, which could reach $ 35 per treatment, “exploitation”, and consumer defenders indicate that they hit the most bank customers who suffer from financial hardship.

Representative Rashida Talib, de Mish, said that the Republican effort to cancel the base is “targeting the American people.”

When the bank temporarily gives the consumer’s money after its account reached a zero balance, the consumer is usually responsible for paying both the exaggerated amount and additional fees, which can be more than the original amount imposed. In one example, a $ 3 coffee cup can end at a cost of someone more than $ 30.