Agency rule limits overdraft fees to $5 for biggest banks Rule faces potential repeal by GOP Congress, Trump appointees Large ...

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 ...

The Consumer Financial Protection Bureau announced the final version of a rule limiting banks' ability to charge overdraft ...

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 ...

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.

Some major banks, including Capital One and Citibank, decided to just bite the bullet and act early, throwing out overdraft ...

A rule change would take effect in October 2025 if it isn't overturned or altered. President-elect Donald Trump's pledge to slap a 25% tariff on imports from Canada in his first days in office has ...

The Biden administration is placing new rules on banks that would severely restrict how much they can charge on overdrafts.

( NewsNation) — A new rule from the Biden administration would cap overdraft fees at $5, lower than the average of $26 in ...