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.

Chopra called overdraft fees a “legal loophole,” saying that if banks want to continue charging overdraft fees — which are ...

The Consumer Financial Protection Bureau has finalized a rule restricting banks' ability to charge overdraft fees, ...

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 ...

Under the finalized rule announced Thursday, banks will be able to choose from three options: they may charge a flat overdraft fee of $5, they may charge a fee that covers their c ...

If today's announcement by the Consumer Financial Protection Bureau (CFPB) is the final skirmish in the Biden ...

The agency set an October 2025 deadline for the new restrictions to take hold, giving enforcement authority to the incoming ...

The new rule requires large banks and credit unions to cap overdraft fees at $5 or an amount that covers only their costs and ...

In one of its final actions under the Biden administration, the Consumer Financial Protection Bureau issued a long-awaited ...

CFPB’s new rule ends overdraft profits. Big banks must cap fees at $5, use cost-basis or fully disclose terms, saving US ...