The Consumer Financial Protection Bureau is capping the fees at $5 with a rule set to take effect in October 2025, if it isn't overturned by Congress or altered under a Trump administration.

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

Some of the affected counties have signed MoUs with banks to manage salary payments during cash shortages. Several governors ...

President Joe Biden's administration has finalized a rule that limits overdraft fees banks can charge. The rule, announced on ...

Only some will benefit from the coming "great wealth transfer." Plus, wholesale inflation and the quest for a new hat ...

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

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 ...

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 new rule requires large banks and credit unions to cap overdraft fees at $5 or an amount that covers only their costs and ...