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,
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.
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 caps overdraft fees at $5
The Biden administration has finalized a rule that will cap overdraft fees at $5 for the largest banks and credit unions in an effort to save consumers an estimated $5 billion annually.
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.
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 Sue To Stop $5 Overdraft Fee Cap
As expected, the banking industry has filed a lawsuit to stop a new regulation that would cap most overdraft fees at $5.
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.
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.
Bank Groups Sue US Government Bureau Over Overdraft Fees Rule
A new rule that caps overdraft fees at $5 is being challenged by banks who argue that it exceeds the government's authority.
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 ...