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Biden administration sets new rules for banks

USA Today · 2d

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.

CBS News on MSN · 2d

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.

Hosted on MSN · 1d

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,

2d

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 ...

1d

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 ...

2d

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 ...

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