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

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

The Consumer Financial Protection Bureau installed the regulation less than two months before President-elect Donald Trump ...

Key Takeaways The Consumer Financial Protection Bureau issued a rule capping overdraft fees at $5 in most cases.The fee cap ...

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

Banking groups said they plan to sue the federal Consumer Financial Protection Bureau for adopting a rule that would limit ...

Lindsey Johnson, Consumer Bankers Association president and CEO, joins 'Squawk Box' to discuss the organization's lawsuit ...

US watchdog caps bank overdraft fees over industry objection (Reuters) – The U.S. watchdog agency for consumer finance on ...

Under the new policy, banks can choose between one of three options to replace their old overdraft rate, which could have ...

It is unclear whether the rule, which could help save Americans billions in fees each year, will remain in place after ...

Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer ...