The Consumer Financial Protection Bureau (CFPB) said it has closed a loophole on overdraft fees — limiting banks’ ability to charge them and potentially saving households hundreds of dollars. The ...

Under the proposal, banking institutions would be prohibited from charging overdraft fees for overdraft items of $20 or less, or overdraft fees that exceed the amount by which the account is overdrawn ...

The Consumer Financial Protection Bureau announced a new rule proposal that would limit overdraft fees banks charge on consumers. The rules would apply to most large banks and lenders — those holding ...

The Biden administration has finalized a rule limiting overdraft fees banks can charge, as part of the White House’s campaign to reduce junk fees that hit consumers on everyday purchases, including ...

Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge. The rule is part of the campaign by President ...

The Chairmen of the House and Senate committees with jurisdiction over banking issues have introduced Congressional Review Act resolutions to nullify the CFPB’s overdraft rule. House Financial ...

WASHINGTON -- A U.S. House of Representatives committee advanced legislation on Wednesday to overturn a Biden administration rule that would limit overdraft fees from financial institutions, a ...

The consumer bureau estimated that the fee limit, which applied only to large banks and credit unions with more than $10 billion in assets, would have saved American households $5 billion each year by ...

I’ll never forget being a naive, 18-year-old fresher, checking my bank account at the end of the month to see if I had enough money to go to the pub after uni. Usually, after rent, splitting bills ...