Consumers will save up to $5 billion in bank and credit union overdraft fees each year in a reform finalized Thursday by the ...
The CFPB said that its overdraft rule will take effect Oct. 1, 2025, though its ultimate fate is unclear. The Consumer ...
Large US banks will have to cap overdraft fees at $5 — or an amount that covers their costs and losses — under a new consumer ...
The Consumer Financial Protection Bureau installed the regulation less than two months before President-elect Donald Trump ...
The rule closes a loophole that exempted overdraft fees from lending laws, but is expected to face challenges.
In a final rule to be released Thursday, the Consumer Financial Protection Bureau would allow banks to either charge $5 for ...
Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer ...
The Consumer Financial Protection Bureau is capping the fees at $5 with a rule set to take effect in October 2025, if it ...
Banks and credit unions with $10 billion or more in assets could alternately choose a break-even overdraft protection cost or ...
US watchdog caps bank overdraft fees over industry objection (Reuters) – The U.S. watchdog agency for consumer finance on ...
The Consumer Financial Protection Bureau is closing a loophole that it says allowed big banks to profit heavily from ...
Bank stocks are in focus today after CFPB announced new rule that limits banks' abilities to charge excessive overdraft fees.