President Joe Biden's administration has finalized a rule that limits overdraft fees banks can charge. The rule, announced on ...

The rule closes a loophole that exempted overdraft fees from lending laws, but is expected to face challenges.

Thanks to new rules implemented by the Biden Administration and the Consumer Financial Protection Bureau (CFPB), large banks ...

In one of its final actions under the Biden administration, the Consumer Financial Protection Bureau issued a long-awaited ...

Bank overdraft fees, pricey penalties charged to customers who overdraw their accounts, face a cap under new rules released ...

The Consumer Financial Protection Bureau is capping the fees at $5 with a rule set to take effect in October 2025, if it ...

The Biden administration is placing new rules on banks that would severely restrict how much they can charge on overdrafts.

Under the new policy, banks can choose between one of three options to replace their old overdraft rate, which could have ...

Consumers will save up to $5 billion in bank and credit union overdraft fees each year in a reform finalized Thursday by the ...

In what could be one of the final salvoes in President Joe Biden's war on what the administration calls "junk fees," the ...

Consumer groups applauded the move, but banks said customers could be driven toward more expensive options such as payday ...

The Biden administration is preparing new rules that would limit “junk fees,” cap bank overdraft charges and shield Americans ...