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White House Is Cracking Down on Overdraft Fees
Biden Administration Cracks Down on Overdraft Fees
President Joe Biden's administration has finalized a rule that limits overdraft fees banks can charge. The rule, announced on Thursday, places a cap on overdraft fees at $5. Biden has said that overdraft fees,
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 Financial Protection Bureau.
The White House is cracking down on overdraft fees
The finalized rule applies to banks and credit unions that have more than $10 billion in assets, which includes the nation’s largest banks.
14h
on MSN
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.
Marketplace
8h
New regulations will limit bank overdraft fees. Many banks have already done so.
Some major banks, including Capital One and Citibank, decided to just bite the bullet and act early, throwing out overdraft ...
11h
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 ...
22h
on MSN
Overdraft Fees Could Be Capped At $5 Under New Rule
In what could be one of the final salvoes in President Joe Biden's war on what the administration calls "junk fees," the ...
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Biden Administration
Consumer Financial Protection Bureau
CFPB
Rohit Chopra
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