CFPB caps overdraft fees at $5 without APR disclosure
In a final rule to be released Thursday, the Consumer Financial Protection Bureau would allow banks to either charge $5 for overdraft fees or another amount commensurate with costs. Banks could also charge more if they disclose the fees' annual percentage rate of interest to customers.
CFPB announces rule limiting bank overdraft fees
The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks’ ability to charge overdraft fees.
US watchdog caps bank overdraft fees over industry objection
The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for overdrafts, saying the rule would save depositors $5 billion annually. The new regulation,
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 Financial Protection Bureau.
CFPB: Overdraft fee reform will save consumers $5 billion a year in bank fees
Consumers will save up to $5 billion in bank and credit union overdraft fees each year in a reform finalized Thursday by the U.S. Consumer Financial Protection Bureau.
Overdraft Fees Could Be Capped at $5 Under Biden Crackdown
The Biden administration is overhauling rules for how banks can charge overdraft fees to customers, despite an intense lobbying campaign from the industry. The Consumer Financial Protection Bureau sai
Overdraft Fees Could Be Capped At $5 Under New Rule
Key Takeaways The Consumer Financial Protection Bureau issued a rule capping overdraft fees at $5 in most cases.The fee cap goes into effect in October and would save households that pay overdraft fees an average of $225 a year,
New rule sets $5 cap for bank overdraft fees
ABC News’ Elizabeth Schulze reports on how the Consumer Financial Protection Bureau’s decision will impact consumers.
Banks could soon have overdraft fees capped at $5
Federal regulators have closed a bank overdraft fee loophole that could save American consumers billions of dollars each year.
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