Overdraft fees could be capped at $5 under new federal rule
Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer ...
The Biden Administration is ‘cracking down’ on banks by imposing a $5 cap on overdraft fees, says Americans could save billions in ‘excessive junk fees.’ Will Trum…
Overdraft transaction charges could drop to a maximum of $5 from the current ceiling of $35 as of Oct. 1, 2025, if the ...
Hosted on MSN23hOpinion
‘Government Overreach’: Liz Warren’s Favorite Agency Just Granted Itself New Powers To Regulate Checking Accounts
The lame duck Biden administration’s Consumer Financial Protection Bureau (CFPB) issued a rule in December to curb overdraft ...
American Banker1d
Recent CFPB rules face repeal with no return under Trump
The Consumer Financial Protection Bureau's last-minute actions are expected to annoy the incoming Trump administration, which ...
DOGE doubles down on eliminating the government agency that's cracking down on overdraft fees
Vivek Ramaswamy, a DOGE leader with Elon Musk, argued the Consumer Financial Protection Bureau is "un-American" after it ...
CNBC6d
Banks are in a race to end overdraft fees — these 7 checking accounts won't charge you
In early 2022, Capital One became the first large bank to eliminate all overdraft fees and non-sufficient fund fees, in a move that may protect itself from any forthcoming scrutiny from the ...
JD Supra7d
CFPB Finalizes Rule Preventing Overdraft Fee Loophole for Large Banks
In December 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule that closes a loophole exempting overdraft loans ...
Crooks and Liars7d
If They Get Their Way, CFPB To Drop Bank Overdraft Fees To $5
The limit on fees that banks and credit unions impose on clients whose account balances are insufficient to cover transactions would save U.S. consumers $5 billion every year, the federal agency said ...
The CFPB vs. Checking Accounts
The rule on overdraft fees is ripe for the GOP Congress to overturn.
These new California laws will directly impact your wallet. Here’s what to know
Some laws are going into effect that will affect your bottom line. They revolve around things like overdraft fees, ...