Key Takeaways In the final days of Joe Biden's administration, the CFPB issued a flurry of new rules and regulations, ...

In one of its final actions under the Biden administration, the Consumer Financial Protection Bureau issued a rule reining in bank overdraft fees.

The New York Department of Financial Services has proposed several changes to overdraft fees including banning banks from ...

The Biden administration is overhauling rules for how banks can charge overdraft fees to customers, despite an intense lobbying campaign from the industry to prevent the changes from going into ...

The Biden administration announced the crackdown on overdraft fees in January as part of a larger crusade against excessive fees in the banking industry. “For too long, some banks have charged ...

They could charge fees at what the agency calls a "break even" point — that is, only what’s required to cover the bank’s actual costs and losses, and no more. Or banks could issue overdraft ...

NEW YORK — 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 ...

Democrats may have lost power in Washington in part because voters blamed them for the rising cost of goods, but when Joe ...

That protection comes at a price, though, in the form of overdraft fees of about $27 each time ... bureau should have held off until the Trump administration takes over. In former President ...

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 ...

Overdraft transaction charges could drop to a maximum of $5 from the current ceiling of $35 as of Oct. 1, 2025, if the current iteration of the Consumer Financial Protection Bureau (CFPB) gets its way ...