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 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.

In his last hearing as chair of the Senate Banking Committee, Sen. Sherrod Brown (D-Ohio) urged his colleagues to stand up for “ordinary Americans" instead of CEOs and big banks.

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

CFPB’s new rule ends overdraft profits. Big banks must cap fees at $5, use cost-basis or fully disclose terms, saving US ...

The rule closes a legal loophole that allowed banks to bypass laws limiting how much they could charge consumers in overdraft ...

Petroff Amshen LLP highlights the impact of a well-known big tech company and a major financial institution’s deceptive practices, which have left thousands of victims with unauthorized charges and ...

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

The Republican-controlled House Financial Services Committee said via X that this "eleventh-hour final rule governing ...