Overdraft transaction charges could drop to a maximum of $5 from the current ceiling of $35 as of Oct. 1, 2025, if the ...

Fortunately, there is promising news for consumers. The Consumer Financial Protection Bureau (CFPB) has introduced a new rule ...

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

Vivek Ramaswamy, a DOGE leader with Elon Musk, argued the Consumer Financial Protection Bureau is "un-American" after it ...

Here's what you can expect to change and what you should do to take advantage of lower overdraft fees. Compare Today's Banking Offers Who would be affected by the CFPB overdraft final rule?

The Consumer Financial Protection Bureau released a final overdraft rule that caps overdraft fees at $5 for the largest banks. The sweeping rule immediately drew a legal challenge from bank trade ...

On December 12, the Consumer Financial Protection Bureau (CFPB or Bureau) announced the finalization of its rule addressing overdraft fees. The rule targets financial institutions with more than $ ...

In December 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule that closes a loophole exempting overdraft loans ...

In a statement, CFPB director Rohit Chopra called overdraft fees a “legal loophole” that have drained billions of dollars from Americans’ bank accounts. “The CFPB is cracking down on these ...

Related CFPB: Overdraft fee reform will save consumers $5 billion a year in bank fees New CFPB rule aims to make switching banks easier by requiring free release of personal data CFPB proposes ...

The CFPB said in a final rule issued Thursday, that it will reclassify overdraft fees as loans subject to interest rate disclosures under the Truth in Lending Act. The rule would apply only to the ...