The Biden Administration is ‘cracking down’ on banks by imposing a $5 cap on overdraft fees, says Americans could save billions in ‘excessive junk fees.’ Will Trum…
Overdraft transaction charges could drop to a maximum of $5 from the current ceiling of $35 as of Oct. 1, 2025, if the ...
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 ...
DOGE doubles down on eliminating the government agency that's cracking down on overdraft fees
Vivek Ramaswamy, a DOGE leader with Elon Musk, argued the Consumer Financial Protection Bureau is "un-American" after it ...
USA Today20d
Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not
Big banks and credit unions that dominate the financial landscape would only be able to charge $5 for overdraft fees or face much tighter restrictions under a final rule by regulators. Under the ...
American Banker1d
Recent CFPB rules face repeal with no return under Trump
The Consumer Financial Protection Bureau's last-minute actions are expected to annoy the incoming Trump administration, which ...
CNBC6d
Banks are in a race to end overdraft fees — these 7 checking accounts won't charge you
In early 2022, Capital One became the first large bank to eliminate all overdraft fees and non-sufficient fund fees, in a move that may protect itself from any forthcoming scrutiny from the ...
New California law limits overdraft fees at banks supervised by the state
Several new laws go into effect on Wednesday — and one of them could impact your wallet. The law will prevent state-chartered ...
Las Vegas Sun25d
The White House is cracking down on overdraft fees
The Biden administration has finalized a rule limiting overdraft fees banks can charge, as part of the White House's campaign ...
JD Supra7d
CFPB Finalizes Rule Preventing Overdraft Fee Loophole for Large Banks
In December 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule that closes a loophole exempting overdraft loans ...
The CFPB vs. Checking Accounts
The rule on overdraft fees is ripe for the GOP Congress to overturn.
These new California laws will directly impact your wallet. Here’s what to know
Some laws are going into effect that will affect your bottom line. They revolve around things like overdraft fees, ...
Overdraft Fees Could Be Capped At $5 Under New Rule
In what could be one of the final salvoes in President Joe Biden's war on what the administration calls "junk fees," the ...