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

The CFPB finalized a rule set to save Americans money in overdraft fees.Tang Ming Tung/Getty Images The CFPB finalized a rule that allows banks to cap overdraft fees at $5 or set the fee at an ...

11, 2024, in Washington, D.C. Kent Nishimura/Getty Images That would mark a significant ... already voluntarily lowered or eliminated overdraft fees -- giving heft to the rule, regardless of ...

Big banks and credit unions that dominate the financial landscape would only be able to charge $5 for overdraft fees or face much tighter restrictions under a final rule by regulators. Under the ...

“The CFPB is cracking down on these excessive junk fees,” agency director Rohit Chopra said Thursday in a statement accompanying the rule announcement. Overdraft fees are now capped at ...

The Consumer Financial Protection Bureau has passed a rule limiting overdraft fees banks can charge, continuing the Biden administration's crackdown on junk fees that affect consumers on everyday ...

In early 2022, Capital One became the first large bank to eliminate all overdraft fees and non-sufficient fund fees, in a move that may protect itself from any forthcoming scrutiny from the ...

The new rule gives banks three options for overdraft fees, the simplest being to charge $5 per overdraft. The main trade group for U.S. banks opposes the rule, saying it will lead to fewer banks ...

(NewsNation) — A new rule from the Biden administration would cap overdraft fees at $5, lower than the average of $26 in 2023. The new rule was released Thursday by federal regulators and is ...