Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits ...

A new rule that caps overdraft fees at $5 is being challenged by banks who argue that it exceeds the government's authority.

On November 7, 2024, the Consumer Financial Protection Bureau (CFPB) ordered Navy Federal Credit Union to pay $95 million in fines for surprise overdraft fees it charged members. The credit union ...

Banks made nearly $12 billion from overdraft fees in 2019, according to the Consumer Financial Protection Bureau. There's been a notable decline in recent years, but the revenue is still about $5. ...

In January 2024, the Consumer Financial Protection Bureau proposed a rule to limit overdraft fees and protect consumers. The proposal mentions setting a benchmark fee, which could be as low as $3 ...

Multiple fees charged on single overdraft, suit says In court ... 1n 2022, the federal government’s Consumer Financial Protection Bureau fined Regions Bank $191 million, finding that it ...

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Overdraft fees are among the most common and expensive charges ...

In the wake of President-elect Donald Trump's Nov. 5 win, change has become the only certainty on the Consumer Financial ... opponent to "junk fees" during his time in office, standing against charges ...

However, the bank will then impose a $33 overdraft fee ... In 2023, the Consumer Financial Protection Bureau criticized banks’ imposition of multiple fees on single transactions when it stated ...

Elon Musk on Wednesday called for the elimination of the Consumer Financial Protection Bureau ... consumers from medical debt and limit overdraft fees. Last week, the agency finalized a rule ...

The Consumer Financial Protection Bureau is weighing which proposed rules ... She said the Biden administration’s crackdown on junk fees, for example, was “based on political polling meant ...