The rule, unveiled Thursday, would cap overdraft fees at $5 — a substantial savings from the $35 that customers are typically charged. In total, households could save about $225 per year.

Charge a flat overdraft fee of $5. Cap the fee at an amount that covers their costs and losses. Charge any fee, but disclose the terms of the overdraft loan to customers the same way they would ...

Overdraft fees crackdown: Biden administration sets new rules for banks. Jordan Valinsky, CNN . Thu, Dec 12, 2024, 5:25 AM 3 min read. The Consumer Financial Protection Bureau has finalized a rule ...

Overdraft fees crackdown: Biden administration sets new rules for banks. Jordan Valinsky, CNN. December 12, 2024 at 8:25 AM. Copied; President Joe Biden's administration is cracking down on junk fees.

The rule, unveiled Thursday, would cap overdraft fees at $5 — a substantial savings from the $35 that customers are typically charged. In total, households could save about $225 per year.

New York (CNN) — The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving ...

By Jordan Valinsky, CNN New York (CNN) — The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions ...