#NEW: The House has also voted to overturn the Consumer Financial Protection Bureau's rule limiting overdraft fees to $5. 217-211. All yay votes were GOP, 1 GOP plus all voting Dems were nay. The big banks won. Regular people lost. - ThreadSky

joekatz45.bsky.social • 67 days ago

#NEW: The House has also voted to overturn the Consumer Financial Protection Bureau's rule limiting overdraft fees to $5.

217-211. All yay votes were GOP, 1 GOP plus all voting Dems were nay.

The big banks won. Regular people lost.

Reposted from Joe Katz ❌👑

ICYMI: The Senate today voted 52-48 to overturn the Consumer Financial Protection Bureau's rule limiting overdraft fees to $5. Score one for those plucky big banks and predatory fees!

All Democrats and Josh Hawley voted no.

Bill headed to the House. @5calls.org script @ 5calls.org/issue/overdr...

Comments

nsightful.bsky.social•64 days ago

nsightful.bsky.social•67 days ago

bettypf.bsky.social•67 days ago

This should be an ad, DNC.

alrglobal.bsky.social•67 days ago

Wait. Josh Hawley voted no? And also recently co-sponsored a bill with Bernie Sanders? 🤔

joekatz45.bsky.social•67 days ago

Hawley likes to think of himself as an economic Populist

x03v.bsky.social•67 days ago

This is the DUMBEST timeline and I want a refund, dammit.

Or a really fucked up episode of Man in the High Castle Meets The Matrix Meets Black Mirror.

anxiyeti.bsky.social•67 days ago

Keep saying it, get out of banks and get your money into a credit union

priyachand.bsky.social•67 days ago

I used to have Citibank and it was like a new hidden fee every year. None of that bullshit from credit unions.

vegavannah.bsky.social•67 days ago

Does Trump have to sign this now before it goes into effect?

joekatz45.bsky.social•67 days ago

Yes

vegavannah.bsky.social•67 days ago

Thank you.

bellatv55.bsky.social•67 days ago

blueeyedhexe.bsky.social•67 days ago

And somehow "working people" still love the GOP. I guess hating immigrants and trans people makes their lives a lot better than being protected from billionaire parasites.

pataz1.bsky.social•67 days ago

Republicans won’t stop him.

joekatz45.bsky.social•67 days ago

The 1 GOP no vote was Rep. Ryan Mackenzie from PA.

Three Dem no-votes: Norcross (medical emergency), Nanette Barragan (D-CA) and (SHOCKER!) Josh Gottheimer (D-Wall Street).

Gottheimer's opponent for #NJGov, Mikie Sherrill, voted no.

raffles8.bsky.social•67 days ago

Has Hawley suddenly developed a conscience not that his vote changed anything rather like McConnell but more importantly you just can’t trust these guys they always have an agenda …

joekatz45.bsky.social•67 days ago

He occasionally remembers he's supposed to be a Populist

joekatz45.bsky.social•67 days ago

@actiontogethernj.bsky.social

khartsun.bsky.social•67 days ago

wait, NOT Massie?

joekatz45.bsky.social•67 days ago

Massie doesn't think anything should be regulated

sarahrenity.bsky.social•67 days ago

That’s the slogan of 2025 - only the rich will survive

cullingsongs.bsky.social•67 days ago

"The big banks won. Regular people lost." - This is an evergreen statement these days.

leendawoman.bsky.social•65 days ago

They won’t be able to make money by lending to people to buy stuff because nobody will be able to afford anything so with everyone dirt poor they will have more overdrafts and can charge more per overdraft to make up their profits.

sdfstu.bsky.social•67 days ago

wait (and I realize I am almost two weeks late on this part) was the Senate version not filibuster-able? or have Senate Dems given up on blocking bad things?

joekatz45.bsky.social•67 days ago

It's a Congressional Review Act resolution, they can't be filibustered

sdfstu.bsky.social•67 days ago

Ah, thank you.

proptermalone.bsky.social•67 days ago

not filibusterable

danahoule.bsky.social•67 days ago

Right. Senate Dems aren’t letting Repubs pass horrible legislation, but Repubs are picking away at the rules. It’s about the only thing besides nominations that they’re doing.

sdfstu.bsky.social•67 days ago

Honest question: are Repubs simply more adept and/or shameless at finding all the crevices within the rules? Have Dems ever done anything remotely like (what I've been suggesting we call) the Chingiz Aitmatov rule?
https://en.wikipedia.org/wiki/The_Day_Lasts_More_Than_a_Hundred_Years

proptermalone.bsky.social•67 days ago

this is straightforward Congressional Review Act stuff, nothing fancy here

sdfstu.bsky.social•67 days ago

Oh no, this part had just been explained to me, I understand, but it made my mind turn back to them redefining the word "day" yet again

sdfstu.bsky.social•67 days ago

Thanks for this.

cypressneedles.bsky.social•67 days ago

*Yea.

blairbendler.bsky.social•67 days ago

“You know what my constituents would want? To pay more junk fees!”

camofarc.bsky.social•67 days ago

Hey maga voters - when are you going to wake up? These people are only and always on the side of corporations, never you.

mtblah.bsky.social•67 days ago

This is just pure fucking spite by Congressional Republicans. They hate normal people and want to make them suffer in the ways both great and small.

matthewjagel.bsky.social•67 days ago

Now this is the Republican Party I am familiar with.

dadavies.bsky.social•67 days ago

Also, headline should say “new blow to consumers.” These political reporters still don’t think we the people are real.

pretefunkera.bsky.social•67 days ago

This is something @kenmartin.bsky.social and the DNC war room should be screaming about RIGHT NOW.

highlylogical1.bsky.social•67 days ago

Tell me again why Main Street voted for this

ogmcduck.bsky.social•67 days ago

Republicans have always helped corporations at the expense of everyone else in America, but i can't remember them ever being this incredibly naked about something so easy for an everyday person to understand.

What did that racist dick banker say about being able to use slurs again? It's a new dawn.

thebaroness.bsky.social•67 days ago

We could all just take our money out of the banks. See what happens.

charlescolee.bsky.social•67 days ago

That's actually an option to be weighed. The power belongs to the CONSUMER; we can break the banking industry if we choose.

thebaroness.bsky.social•67 days ago

Yup.

jgwarren.bsky.social•67 days ago

I don't understand how it's hard to run or message against this bullshit. Cut the ads!

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