CFPB Curbs Overdraft Fees

CFPB announces rule limiting bank overdraft fees; trade group sues in response
The Consumer Financial Protection Bureau announced the final version of a rule limiting banks' ability to charge overdraft fees. It says the rule will save American consumers $5 billion annually. The CFPB said its overdraft rule will take effect Oct.
Consumer protection agency finalizes rule limiting overdraft fees
The Consumer Financial Protection Bureau installed the regulation less than two months before President-elect Donald Trump takes office.
Banks sue CFPB for capping overdraft fees at $5
The Consumer Financial Protection Bureau issued a final rule that would allow banks to either charge $5 for overdraft fees. Alternatively they can charge a courtesy fee to cover costs, or charge higher fees but send annual percentage rate disclosures to the consumer.
CFPB: Overdraft fee reform will save consumers $5 billion a year in bank fees
Consumers will save up to $5 billion in bank and credit union overdraft fees each year in a reform finalized Thursday by the U.S. Consumer Financial Protection Bureau.
The White House is cracking down on overdraft fees
The Consumer Financial Protection Bureau is capping the fees at $5 with a rule set to take effect in October 2025, if it isn't overturned by Congress or altered under a Trump administration.
Biden Just Cracked Down On Bank Overdraft Fees, But Trump Could Reverse Course
A new rule from the Consumer Financial Protection Bureau would cap many overdraft fees at just $5. It might not last.
CFPB announces rule limiting bank overdraft fees
The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks’ ability to charge overdraft fees.
Goodbye Junk Fees, Hello Transparency: CFPB Curbs Overdraft Fees
CFPB’s new rule ends overdraft profits. Big banks must cap fees at $5, use cost-basis or fully disclose terms, saving US Americans billions each year.
Americans set to save $5 billion annually as CFPB announces new overdraft rule
US bank stocks are in focus this morning after the Consumer Financial Protection Bureau announced a new rule that significantly limited their ability to charge an excessive overdraft fee. The regulator expects its new rule to save American consumers up to $5 billion per year.
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CFPB overhauls overdraft fee rule for large US banks
The Consumer Financial Protection Bureau (CFPB) has announced the implementation of a final rule aimed at reforming ...
Overdraft fees could be capped at $5 under new federal rule
Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer ...
Biden administration caps bank and credit union overdraft fees at as low as $5
The rule closes a loophole that exempted overdraft fees from lending laws, but is expected to face challenges.
Americans who are charged overdraft fees are now on track to save $225 a year
The Consumer Financial Protection Bureau finalized a rule that caps overdraft fees.
Capping Overdraft Fees Will Hurt Some of the People It Is Supposed To Help
If today's announcement by the Consumer Financial Protection Bureau (CFPB) is the final skirmish in the Biden ...