A mere four months ago, the Biden administration capped bank overdraft fees at $5. There was just one catch: The cap wouldn’t take effect until October. It now appears the cap will never take hold.

After nearly a year of speculation, the Consumer Financial Protection Bureau (“CFPB”) issued a final rule (the “Rule”) to cap overdraft fees that financial institutions with at least $10 billion in ...

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The Consumer Financial Protection Bureau announced a new rule proposal that would limit overdraft fees banks charge on consumers. The rules would apply to most large banks and lenders — those holding ...

U.S. Sen. Elizabeth Warren, D-Mass., joined by two fellow New England lawmakers, is pressing some of the biggest banks in the nation for more information about overdraft fees that they say target the ...

Banks and trade groups are seeking to stop the Consumer Financial Protection Bureau's $5 overdraft fee rule from going into effect next year. Bank trade groups filed a preliminary injunction late ...

Banks continued to reap billions in overdraft fees last year despite the efforts of the Consumer Financial Protection Bureau (CFPB) to get control of the fees. Its efforts are now in danger of being ...

The Trump administration is looking to overturn a Biden-era rule limiting major banks’ ability to penalize customers with overdraft fees, a reversal that has major banking associations salivating at ...

I don't know about you, but I hate the fact that banks are still charging overdraft fees in 2025. According to Motley Fool Money research, 11% of Americans paid an overdraft fee last year. That's ...

WASHINGTON — Senate Democrats, led by Banking Committee ranking member Elizabeth Warren, D-Mass, wrote to a group of more than 20 banks seeking information on how Congress' nullification of the ...