“Excessive overdraft fees have saddled hardworking Americans ... first announced in January as part of President Joe Biden’s crackdown on junk fees and attempt to bring about more transparency ...

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 ...

NEW YORK (AP) — 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 ...

The Consumer Financial Protection Bureau (CFPB) said it has closed a loophole on overdraft fees — limiting banks’ ability to charge them and potentially saving households hundreds of dollars.

That protection comes at a price, though, in the form of overdraft fees of about $27 each time a customer withdrew more than their checking account could bear, Bankrate.com reported in August.

The Biden administration said Thursday that a new rule set to take affect in about 10 months will save Americans up to $5 billion a year in annual overdraft fees. While consumer groups applauded ...

The National Credit Union Administration has issued guidance to federal credit unions regarding the consumer harm stemming from certain overdraft ...

One example is the Consumer Financial Protection Bureau’s attempt to redefine checking accounts to make it harder for banks to charge overdraft fees. It’s bad for banks, and especially for ...

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