The Biden Administration is ‘cracking down’ on banks by imposing a $5 cap on overdraft fees, says Americans could save billions in ‘excessive junk fees.’ Will Trum…
Overdraft transaction charges could drop to a maximum of $5 from the current ceiling of $35 as of Oct. 1, 2025, if the ...
American Banker7h
Recent CFPB rules face repeal with no return under Trump
The Consumer Financial Protection Bureau's last-minute actions are expected to annoy the incoming Trump administration, which ...
CNBC5d
Banks are in a race to end overdraft fees — these 7 checking accounts won't charge you
In early 2022, Capital One became the first large bank to eliminate all overdraft fees and non-sufficient fund fees, in a move that may protect itself from any forthcoming scrutiny from the ...
Crooks and Liars7d
If They Get Their Way, CFPB To Drop Bank Overdraft Fees To $5
The limit on fees that banks and credit unions impose on clients whose account balances are insufficient to cover transactions would save U.S. consumers $5 billion every year, the federal agency said ...
DOGE doubles down on eliminating the government agency that's cracking down on overdraft fees
Vivek Ramaswamy, a DOGE leader with Elon Musk, argued the Consumer Financial Protection Bureau is "un-American" after it ...
New California law limits overdraft fees at banks supervised by the state
Several new laws go into effect on Wednesday — and one of them could impact your wallet. The law will prevent state-chartered ...
The CFPB vs. Checking Accounts
The rule on overdraft fees is ripe for the GOP Congress to overturn.
JD Supra7d
CFPB Finalizes Rule Preventing Overdraft Fee Loophole for Large Banks
In December 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule that closes a loophole exempting overdraft loans ...
What Is Overdraft Protection & How Does It Work?
Discover what overdraft protection is, how it works, and whether it’s right for you. Learn the benefits and potential ...
These new California laws will directly impact your wallet. Here’s what to know
Some laws are going into effect that will affect your bottom line. They revolve around things like overdraft fees, ...
Nationwide to give customers free £310 cash injection in 2025 boost
In addition, customers will receive five per cent interest on balances up to £1,500 and 1 per cent cashback for 12 months.