The lame duck Biden administration’s Consumer Financial Protection Bureau (CFPB) issued a new rule Tuesday that will hide an ...

Overdraft transaction charges could drop to a maximum of $5 from the current ceiling of $35 as of Oct. 1, 2025, if the ...

The rule on overdraft fees is ripe for the GOP Congress to overturn.

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 ...

About 23 million households pay overdraft fees in any given year ... But we're in the final days of the Biden administration, and many consumer advocates expect weaker consumer safeguards and ...

(NEXSTAR) – A new federal rule would cap overdraft fees at $5 beginning late next year. That would be a big drop from the 2023 average of $26, but the policy still faces legal and potential ...

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 ...

Banks call it a service − I call it exploitation' The Biden administration announced the crackdown on overdraft fees in January as part of a larger crusade against excessive fees in the banking ...

The CFPB rule is one of several efforts by the Biden administration to attack the ... generate more than half their net income from overdraft fees. Consumer advocates have been pushing for limits ...

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 ...

The Biden administration finalized a rule that will cap overdraft fees at $5 at the largest banks and credit unions in a move that is expected to save consumers $5 billion a year if it survives ...