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CFPB, overdraft fees

Hosted on MSN · 3h

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.

YAHOO!Finance · 8h

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.

Hosted on MSN2h

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The Consumer Financial Protection Bureau (CFPB), an independent regulatory agency, said on Thursday it has closed an outdated ...

12mon MSN

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 approves overdraft limits angering banks

While the CFPB's new regulations are set to go into place on Oct. 1, 2025, the incoming Trump administration has the power ...

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