Bureaucrats Are Moving To Cap Bank Overdraft Fees, Which Will Hurt the People It's Meant To Help

The Consumer Financial Protection Bureau proposes to interfere with prices of bank overdraft protection fees.

Julian Zelizer : In a market economy, prices convey vital information that consumers and producers use to make good decisions.

Zelizer says a fee, however, is a transparent way to reflect the price of something.

He says the next CFPB price control scheme would cap overdraft fees at levels as low as $3 per overdraft transaction.