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Consumers could see a $5 overdraft fee in 2025

Hosted on MSN · 14h

Overdraft fees would be slashed under new Biden administration rule. What you need to know

In one of its final actions under the Biden administration, the Consumer Financial Protection Bureau issued a long-awaited rule reining in fees banks charge for overdrafts.

Detroit Free Press on MSN · 17h

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.

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.

16hon MSN

Americans who are charged overdraft fees are now on track to save $225 a year

The Consumer Financial Protection Bureau finalized a rule that caps overdraft fees.

4hon MSN

The White House is cracking down on overdraft fees

The finalized rule applies to banks and credit unions that have more than $10 billion in assets, which includes the nation’s ...

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