Banks call it a service − I call it exploitation\' The Biden Administration announced the crackdown on overdraft fees in January as part of a larger crusade against excessive fees in the banking ...

The CFPB, which initially proposed a crackdown on such fees in January, maintains that banks are charging excessive overdraft fees by exploiting a loophole that exempts overdraft lending services ...

Many Americans celebrated last year when government officials announced a restriction on $35 bank overdraft fees for checking accounts. But with the change in leadership in D.C., it’s now ...

High-profile hikes in checking-account fees by big banks have drawn more attention recently than overdraft charges, those sneaky debit-card fees that can add $35 to the cost of a $3 cup of coffee.

Momentum seems to be building for banks to eliminate overdraft fees, which can pile up on cash-strapped customers with expensive charges that add up quickly. This summer, Citibank plans to ...

A Republican-backed joint resolution would overturn a regulation set to take effect Oct. 1 that would cap overdraft fees at large banks. If the regulation goes into effect, overdraft fees would ...

Chase, the nation's largest consumer bank, is apparently trying to get back at the Consumer Financial Protection Bureau (CFPB), which wants to cut the overdraft fees that banks charge when ...

But banking fees — particularly overdraft charges — don't affect all Americans equally. Overwhelmingly, overdraft fees are paid by those with the lowest balances in their checking accounts.

Overdraft fees were once commonplace, but more banks are doing away with the hefty charges. Some have stopped charging them in favor of declining transactions, but many offer several types of free ...

We expect continued scrutiny by regulators on fees, including enforcement actions and rulemakings, with the caveat that the new administration ...