DOGE leader Vivek Ramaswamy doubled down on eliminating the Consumer Financial Protection Bureau.Anna Moneymaker/Getty Images Vivek ... recent rule to limit overdraft fees. The CFPB's rule still ...

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 ...

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 ...

The Biden administration has finalized a rule limiting overdraft fees banks can charge, as part of the White House’s campaign to reduce junk fees that hit consumers on everyday purchases ...

The CFPB finalized a rule on December 12 that would require banks to limit overdraft fees — the amount charged to customers when they attempt to spend more than their balance. The agency ...

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 ...

President Joe Biden said the fees, which can be as high as $35, are “exploitative,” while the banking industry has lobbied extensively to keep the existing fee structures in place. The Biden ...

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 ...