Overdraft fees are rising again—and now banks are using a payday-loan loophole to hit people with even more hidden fees, higher interest, and fewer consumer protections.

In this AI-narrated but entertaining presentation based on an article by Steve Rhode, The Get Out of Debt Guy, we unpack what Congress just did to allow this and how it opens the door for banks to behave more like payday lenders—charging triple-digit APRs on what used to be just a temporary overdraft.

Here's what you'll learn in this episode:

• What changed in federal banking regulations

• Why this rule favors big banks over everyday consumers

• How overdraft fees are being rebranded as “early access” or “short-term liquidity”

• What states tried to do to block this, and how the feds shut that down

• How this affects payday loan alternatives, credit unions, and personal loans

• Steps you can take to avoid the trap of predatory overdraft lending

If you're living paycheck to paycheck, using overdraft protection to survive, or trying to stay one step ahead of bank fees, this episode could save you money—and help you make smarter moves.

🎯 This isn’t a word-for-word article reading. It’s a story-driven, AI-narrated presentation designed to be easy to listen to, packed with useful insights, and free of fluff. The article link is below if you want to dig into all the details.

📖 Read the full article:
https://getoutofdebt.org/174351/congress-just-helped-big-banks-act-like-payday-lenders-heres-what-that-means-for-you