[CAPITOL HILL] As if House conservatives did not want DOGE to get all the action, they are gearing up to follow Thursday’s Senate action striking down a Consumer Financial Protection Bureau (CFPB) rule capping bank overdraft loan fees at $5, a further blow against the rogue agency created by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
South Carolina Sen. Tim Scott, the chairman of Banking, Housing and Urban Affairs Committee, said on the Senate floor Wednesday:
This overdraft conversation is a critically important conversation if you are like me, a guy who grew up in poverty, a single parent household, who understands the difficulty, the challenge, of single moms making those ends meet.
The Senate vote was a Congressional Review Act resolution, a process by which a simple majority vote in each chamber overrides an executive branch…
