Bank overdraft fees, pricey penalties charged to customers who overdraw their accounts, face a cap under new rules released ...

President Joe Biden's administration has finalized a rule that limits overdraft fees banks can charge. The rule, announced on ...

In one of its final actions under the Biden administration, the Consumer Financial Protection Bureau issued a long-awaited ...

The rule closes a loophole that exempted overdraft fees from lending laws, but is expected to face challenges.

A new rule that caps overdraft fees at $5 is being challenged by banks who argue that it exceeds the government's authority.

Thanks to new rules implemented by the Biden Administration and the Consumer Financial Protection Bureau (CFPB), large banks ...

The Consumer Financial Protection Bureau is capping the fees at $5 with a rule set to take effect in October 2025, if it ...

The Biden administration has finalized a rule that will cap overdraft fees at $5 for the largest banks and credit unions in ...

Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits ...

The Biden administration is placing new rules on banks that would severely restrict how much they can charge on overdrafts.

Consumers will save up to $5 billion in bank and credit union overdraft fees each year in a reform finalized Thursday by the ...