CFPB, Overdraft

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.
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.
CFPB caps overdraft fees at $5 without APR disclosure
In a final rule to be released Thursday, the Consumer Financial Protection Bureau would allow banks to either charge $5 for overdraft fees or another amount commensurate with costs. Banks could also charge more if they disclose the fees' annual percentage rate of interest to customers.
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.
CFPB Finalizes Bank Overdraft Fee Cap Opposed by GOP, Industry
Large US banks will have to cap overdraft fees at $5 — or an amount that covers their costs and losses — under a new consumer protection rule that’s been vigorously opposed by industry and Republicans.
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.
CFPB final rule would pin overdraft fee at $5
Banks and credit unions with $10 billion or more in assets could alternately choose a break-even overdraft protection cost or make credit card-like disclosures to consumers, the CFPB said.
Overdraft fees crackdown: Biden administration sets new rules for banks
The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 billion a year.
Consumer Finance Watchdog Caps Overdraft Fees as Banks Object
US watchdog caps bank overdraft fees over industry objection (Reuters) – The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for overdrafts, saying the rule would save depositors $5 billion annually.
CFPB Caps Overdraft Fees at $5, Saving Consumers Billions Annually
The Consumer Financial Protection Bureau (CFPB) announced on Thursday the finalization of a rule designed to limit excessive overdraft fees charged by banks and credit unions. The measure, expected 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.
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Consumer Finance Watchdog CFPB Closes Overdraft Loophole, Set To Bring In $5B Savings Annually
The Consumer Financial Protection Bureau (CFPB), an independent regulatory agency, said on Thursday it has closed an outdated ...
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The White House is cracking down on overdraft fees
Banks have previously sued the CFPB over these rules and caps on credit card late fees, and are likely to sue again.