NC lawmaker parrots lobbyist talking points in opposing consumer protection rule ...Middle East

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NC lawmaker parrots lobbyist talking points in opposing consumer protection rule
Consumer advocates say North Carolina Congressman Patrick McHenry is serving as a mouthpiece for industry lobbyists opposed to new limits on bank overdraft fees. (Photo: house.gov)One quarter of American consumers have been hit with an overdraft or non-sufficient fund fee in the past year. That’s millions of households that have shelled out billions of dollars to pad the pockets of America’s largest banking institutions, like JPMorgan Chase & Co, Bank of America, and Wells Fargo. And House Financial Services Chair Patrick McHenry (R-N.C.) is a big fan. Congressman Andy Barr (Photo: house.gov) When the Consumer Financial Protection Bureau unveiled a new proposal last week to limit overdraft f

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