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.
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,
Tired of overdraft fees? A new Biden administration rule would cap them.
Bank overdraft fees, pricey penalties charged to customers who overdraw their accounts, face a cap under new rules released Thursday.
Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees
Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge
Bank Groups Sue US Government Bureau Over Overdraft Fees Rule
Some banks and banking trade groups are suing the Consumer Financial Protection Bureau (CFPB) over a finalized rule that limits the amount of overdraft fees that banks can charge account holders. What Is the Rule?
Goodbye to abusive overdraft fees: The new rule the Biden administration plans to impose on banks
Thanks to new rules implemented by the Biden Administration and the Consumer Financial Protection Bureau (CFPB), large banks will no longer be able to charge excessive overdraft fees. These putative fees can create major financial challenges,
Banks in deep water as President Biden rules against overdraft charges and fees
The Biden administration finalized a rule that will cap overdraft fees at $5 at the largest banks and credit unions.
Biden administration approves overdraft limits angering banks
The Biden administration is placing new rules on banks that would severely restrict how much they can charge on overdrafts.
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.
Biden Administration Cracks Down on Bank Overdraft Fees
A rule change would take effect in October 2025 if it isn’t overturned or altered.
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.
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 ...
Biden administration finalizes new regulations amid GOP repeal threats
The Biden administration is preparing new rules that would limit “junk fees,” cap bank overdraft charges and shield Americans ...