Dear Senator [Last Name],
I am writing to express my concerns regarding the recent legislation introduced by Republicans to overturn the Consumer Financial Protection Bureau’s rule that would cap overdraft fees at $5. If passed, this resolution would prevent banks from lowering overdraft fees, potentially allowing them to remain high or even increase.
As a consumer, I believe this regulation is a step toward protecting vulnerable individuals from excessive fees and preventing financial hardship. Repealing it would likely keep fees high and hurt low-income families who rely on overdraft protection.
I urge you to carefully consider the long-term impact of this legislation and advocate for policies that protect consumers from unfair financial practices.
Thank you for your time and attention to this important issue.
Sincerely,
[Your Full Name]
[Your Address]
[Your City, State, Zip Code]
[Your Email Address]