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 ...
JD Supra14h
CFPB’s “Overdraft Lending” Rule Faces Immediate Legal Challenge
What Happened? On December 12, 2024, the Consumer Financial Protection Bureau (CFPB) issued its final “overdraft lending” rule aimed at ...
The Biden Administration is ‘cracking down’ on banks by imposing a $5 cap on overdraft fees, says Americans could save billions in ‘excessive junk fees.’ Will Trum…
Overdraft transaction charges could drop to a maximum of $5 from the current ceiling of $35 as of Oct. 1, 2025, if the ...
Banking Exchange15h
Updates to OCC UDAAP Overdraft Disclosure Requirements
On December 3, 2024, the Office of the Comptroller of the Currency (OCC) published an updated UDAAP section of its ...
American Banker2d
Recent CFPB rules face repeal with no return under Trump
The Consumer Financial Protection Bureau's last-minute actions are expected to annoy the incoming Trump administration, which ...
DOGE doubles down on eliminating the government agency that's cracking down on overdraft fees
Vivek Ramaswamy, a DOGE leader with Elon Musk, argued the Consumer Financial Protection Bureau is "un-American" after it ...
American Banker17h
MountainOne Bank faces fee lawsuit despite issuing refund
A customer claims the Massachusetts bank fined her numerous times over a single botched purchase. The bank paid her back — but her class action lawsuit isn't going away.
8 Smart Banking Resolutions You Should Keep
Here are eight smart banking resolutions that can help protect and grow your money during the remainder of 2025 and beyond.
CNBC7d
Banks are in a race to end overdraft fees — these 7 checking accounts won't charge you
In early 2022, Capital One became the first large bank to eliminate all overdraft fees and non-sufficient fund fees, in a move that may protect itself from any forthcoming scrutiny from the ...
These new California laws will directly impact your wallet. Here’s what to know
Some laws are going into effect that will affect your bottom line. They revolve around things like overdraft fees, ...
JD Supra8d
CFPB Finalizes Rule Preventing Overdraft Fee Loophole for Large Banks
In December 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule that closes a loophole exempting overdraft loans ...
Crooks and Liars8d
If They Get Their Way, CFPB To Drop Bank Overdraft Fees To $5
The limit on fees that banks and credit unions impose on clients whose account balances are insufficient to cover transactions would save U.S. consumers $5 billion every year, the federal agency said ...