The Consumer Financial Protection Bureau issued a final rule that would allow banks to either charge $5 for overdraft fees.
Consumers will save up to $5 billion in bank and credit union overdraft fees each year in a reform finalized Thursday by the ...
In a final rule to be released Thursday, the Consumer Financial Protection Bureau would allow banks to either charge $5 for ...
CFPB’s new rule ends overdraft profits. Big banks must cap fees at $5, use cost-basis or fully disclose terms, saving US ...
The Consumer Financial Protection Bureau announced the final version of a rule limiting banks' ability to charge overdraft ...
Large US banks will have to cap overdraft fees at $5 — or an amount that covers their costs and losses — under a new consumer ...
Most U.S. bank stocks dipped in Thursday trading after the Consumer Financial Protection Bureau finalized a rule that ...
The rule closes a loophole that exempted overdraft fees from lending laws, but is expected to face challenges.
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.
The agency set an October 2025 deadline for the new restrictions to take hold, giving enforcement authority to the incoming ...
The Republican-controlled House Financial Services Committee said via X that this "eleventh-hour final rule governing ...