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.
Tired of overdraft fees? A new Biden administration rule would cap them.
Bank overdraft fees, pricey penalties charged to customers who overdraw their accounts, face a cap under new rules released Thursday.
Biden Administration Cracks Down on Overdraft Fees
President Joe Biden's administration has finalized a rule that limits overdraft fees banks can charge. The rule, announced on Thursday, places a cap on overdraft fees at $5. Biden has said that overdraft fees,
Biden administration caps bank and credit union overdraft fees at as low as $5
The rule closes a loophole that exempted overdraft fees from lending laws, but is expected to face challenges.
A new CFPB rule could lower overdraft fees to just $5 — here's what that could mean for checking account customers
The Consumer Financial Protection Bureau just published a final rule that could cap overdraft fees at $5. Find out what that could mean for you.
Bank Groups Sue US Government Bureau Over Overdraft Fees Rule
A new rule that caps overdraft fees at $5 is being challenged by banks who argue that it exceeds the government's authority.
New regulations will limit bank overdraft fees. Many banks have already done so.
Some major banks, including Capital One and Citibank, decided to just bite the bullet and act early, throwing out overdraft fees altogether.
New Federal Rule Limits Overdraft Fees at Large Banks
It is unclear whether the rule, which could help save Americans billions in fees each year, will remain in place after President-elect Donald J. Trump returns to office.
Goodbye Junk Fees, Hello Transparency: CFPB Curbs Overdraft Fees
CFPB’s new rule ends overdraft profits. Big banks must cap fees at $5, use cost-basis or fully disclose terms, saving US Americans billions each year.
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.
The White House is cracking down on overdraft fees
The Consumer Financial Protection Bureau is capping the fees at $5 with a rule set to take effect in October 2025, if it ...
Bank groups sue CFPB over rule to limit overdraft fees
Banking groups said they plan to sue the federal Consumer Financial Protection Bureau for adopting a rule that would limit ...