Democrats are once again taking aim at dreaded bank overdraft fees. New York Congresswoman Carolyn Maloney reintroduced legislation on Wednesday that would crack down on overdraft fees, making it ...

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 ...

Fewer overdraft fees. As part of Biden’s call to action, the Consumer Financial Protection Bureau (CFPB), America’s financial watchdog agency, issued guidance warning banks against charging an ...

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 ...

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 ...

Democrats are once again taking aim at dreaded bank overdraft fees. New York Congresswoman Carolyn Maloney reintroduced legislation on Wednesday that would crack down on overdraft fees, making it ...

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 consumers ...

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.

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 ...