The Consumer Financial Protection Bureau is capping the fees at $5 with a rule set to take effect in October 2025, if it isn't overturned by Congress or altered under a Trump administration.
Advisers have asked the nominees under consideration for the FDIC, as well as the Office of the Comptroller of the Currency, ...
Sen. Elizabeth Warren led some of her colleagues in requesting that the CFPB and FTC bolster oversight over student-loan ...
The Indian Health Service (IHS) and the Consumer Financial Protection Bureau (CFPB) on Thursday announced a collaboration ...
In his last hearing as chair of the Senate Banking Committee, Sen. Sherrod Brown (D-Ohio) urged his colleagues to stand up for “ordinary Americans" instead of CEOs and big banks.
The rule closes a loophole that exempted overdraft fees from lending laws, but is expected to face challenges.
Some major banks, including Capital One and Citibank, decided to just bite the bullet and act early, throwing out overdraft ...
The US Consumer Financial Protection Bureau unveiled the final rule Thursday as part of the Biden administration’s campaign ...
The Consumer Financial Protection Bureau's new rule caps overdraft fees at $5, aiming to save consumers billions annually and ...
The new rule requires large banks and credit unions to cap overdraft fees at $5 or an amount that covers only their costs and ...
The Labor Department reported Dec. 12 that its producer price index — which tracks inflation before it reaches consumers — ...
The new CFPB regulation would require large banks and credit unions to either charge just $5 for overdrafts or, alternatively, pick an amount no higher than the cost of offering overdraft protection.
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