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Consumers could see a $5 overdraft fee in 2025
Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not
The rule announced Thursday would require big banks and credit unions to slash long criticized high overdraft fees from $25 or $35 in many cases.
Overdraft fees would be slashed under new Biden administration rule. What you need to know
In one of its final actions under the Biden administration, the Consumer Financial Protection Bureau issued a long-awaited rule reining in fees banks charge for overdrafts.
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.
3h
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Americans who are charged overdraft fees are now on track to save $225 a year
The Consumer Financial Protection Bureau finalized a rule that caps overdraft fees.
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New rule caps overdraft fees at $5
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