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 consumers as much as $5 ...
Bank overdraft fees, pricey penalties charged to customers who overdraw their accounts, face a $5 cap under new rules released Thursday by federal regulators. The cap on bank overdrafts continues ...
President Joe Biden said the fees, which can be as high as $35, are “exploitative,” while the banking industry has lobbied extensively to keep the existing fee structures in place. The Biden ...
The National Credit Union Administration has issued guidance to federal credit unions regarding the consumer harm stemming from certain overdraft ...
Journal Editorial Report: The week's best and worst from Kim Strassel, Allysia Finley and Dan Henninger. Photo: Jimin Kim/Dave Decker/Zuma Press Time is almost up for the Biden Administration ...
NEW YORK — The Biden administration has finalized a rule limiting overdraft fees banks can charge, as part of the White House’s campaign to reduce junk fees that hit consumers on everyday ...
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