On May 9, the U.S. Senate Committee on Banking, Housing, and Urban Affairs announced that President Trump signed into law Chairman Tim Scott’s ...

President Trump has signed a Congressional Review Act (CRA) resolution nullifying the CFPB’s controversial overdraft rule.

In a major win for the banking industry, Congress has overturned a Consumer Financial Protection (CFPB) rule that would have limited overdraft fees to $5 at the nation’s largest banks and credit ...

Court Overturns CFPB Rule on late fees: A federal court in Texas vacated a Biden-era Consumer Financial Protection Bureau (CFPB) rule that capped credit card overdraft fees at $8. The court's ...

New York Governor Kathy Hochul’s massive budget passed the state legislature late Thursday, paving the way for a bundle of ...

Not everyone, but particularly those who can least afford it. Costly bank overdraft fees are coming back, at an estimated yearly cost to consumers of $5 billion. Those are the surcharges banks ...

Biden Jr.’s presidency to fall. Congress voted last week to strike down the $5 cap on most overdraft fees approved by the Consumer Financial Protection Bureau late last year. President Trump is ...

"Most debit card overdrafts are less than $26, far below the typical fee and are repaid within three days resulting in the ...

Banks are making billions of dollars annually from overdraft fees, with Chase alone earning $1 billion last year.Wells Fargo and Navy Federal Credit Union are also cashing in, reporting $1 billion ...

The move overturns the bureau’s effort to cap overdraft fees at $5. The American Bankers Association also dropped its lawsuit ...