Consumers could see a $5 overdraft fee in 2025

Consumer protection agency finalizes rule limiting overdraft fees
The Consumer Financial Protection Bureau installed the regulation less than two months before President-elect Donald Trump takes office.
Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not
The rule announced Thursday would require big banks and credit unions to slash long criticized high overdraft fees from $25 or $35 in many cases.
Capping Overdraft Fees Will Hurt Some of the People It Is Supposed To Help
If today's announcement by the Consumer Financial Protection Bureau (CFPB) is the final skirmish in the Biden administration's war on so-called "junk
CFPB announces rule limiting bank overdraft fees; trade group sues in response
The Consumer Financial Protection Bureau announced the final version of a rule limiting banks' ability to charge overdraft fees. It says the rule will save American consumers $5 billion annually. The CFPB said its overdraft rule will take effect Oct.
CFPB: Overdraft fee reform will save consumers $5 billion a year in bank fees
Consumers will save up to $5 billion in bank and credit union overdraft fees each year in a reform finalized Thursday by the U.S. Consumer Financial Protection Bureau.
CFPB Orders Big Banks to Limit Overdraft Fees to $5. But Will Its Edict Stick?
The agency set an October 2025 deadline for the new restrictions to take hold, giving enforcement authority to the incoming Trump administration.
Consumer Finance Watchdog Caps Overdraft Fees as Banks Object
US watchdog caps bank overdraft fees over industry objection (Reuters) – The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for overdrafts, saying the rule would save depositors $5 billion annually.
Overdraft fees to be limited under new federal rule
Under the new policy, banks can choose between one of three options to replace their old overdraft rate, which could have been as high as $35. Banks may charge a flat fee of $5, a fee that covers the bank’s costs and losses or they can charge any fee — as long as the terms of the overdraft loan are disclosed like any other loan.
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 Financial Protection Bureau.
New federal rule limits overdraft fees at large banks
It is unclear whether the rule, which could help save Americans billions in fees each year, will remain in place after President-elect Donald J. Trump returns to office.
CFPB announces rule limiting bank overdraft fees
The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks’ ability to charge overdraft fees.
Biden administration caps bank and credit union overdraft fees at as low as $5
The rule closes a loophole that exempted overdraft fees from lending laws, but is expected to face challenges.
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The $35 Overdraft Fee Is Officially Dead
Chopra called overdraft fees a “legal loophole,” saying that if banks want to continue charging overdraft fees — which are ...
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Consumer Finance Watchdog CFPB Closes Overdraft Loophole, Set To Bring In $5B Savings Annually
The Consumer Financial Protection Bureau (CFPB), an independent regulatory agency, said on Thursday it has closed an outdated ...