On April 15, 2020, Senators Corey Booker (D-NJ) and Sherrod Brown (D-OH) sent letters to numerous leading banks urging them not to charge customers overdraft and non-sufficient fund (NSF) fees during the COVID-19 pandemic.  According to the letters, “banks should be ensuring that consumers will not be faced with any overdraft charges that compounds their already fragile financial state, and provide them some relief as they manage ongoing expenses, including rent and mortgage payments, utility bills, and other essentials.”  Senators Booker and Brown did acknowledge in the letters, however, that “[s]everal banks have announced that they will temporarily waive or refund overdraft fees for their customers.”

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