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The Good News-Bank Overdraft Fees in America

We note and salute the financial progress of the banking industry in America. More Americans today have bank accounts than ever before. There has also been a growing awareness of the importance of financial literacy for all families and communities across the nation. Yet, there is a national problem emerging with the unprecedented increase in bank overdraft feed for millions of Americans. The GOOD News is The White House has announced a new rule change that is aimed at preventing banks from charging exorbitant overdraft fees that has amounted to over $5 billion.

Dr. Chavis is African American civil rights leader and icon, United Church of Christ (UCC) ordained minister, author, journalist, organic chemist, environmentalist, global entrepreneur, and currently President and CEO of the National Newspaper Publishers Association (NNPA) based in Washington, DC since 2014.