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 ...

Overdraft fees are now capped at $5 ... This is the latest move in a broad Biden administration crackdown on what regulators have labeled “junk fees” on everything from hotel bookings to ...

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

The bureau estimated that the law would have saved bank customers about $5 billion a year by reducing overdraft fees, which are typically around $35. The next time you withdraw more money than is ...

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 ...

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 ...

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 ...

But you will be charged any overdraft fees that are incurred as a result, and you will be required to repay the amount you are overdrawn. Freedom Debt Relief notes that it's important to ...