USA Today22d
Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not
Under the Consumer Financial Protection Bureau rule announced Thursday, big institutions would be required to slash their overdraft fees from $25 or $35 in many cases. The CFPB said $5 is the ...
JD Supra19h
Leaning In: The CFPB Publishes Rule on Fees for Overdraft Services
On December 30, 2024, the Consumer Financial Protection Bureau (CFPB) published a final rule that may dramatically change the way that certain ...
JD Supra1d
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 ...
Indiana Citizen19m
OVERDRAFT RELIEF? Consumer advocates in Indiana hope new federal rule lowering bank fees inspires Hoosier lawmakers to offer similar help
By Marilyn Odendahl The Indiana Citizen January 9, 2025 Poverty advocates in Indiana are hoping a new federal rule that could ...
Hosted on MSN26d
Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees
Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits ...
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 ...
The Washington Post28d
Consumer protection agency finalizes rule limiting overdraft fees
The Consumer Financial Protection Bureau announced Thursday that it ... In a statement, CFPB director Rohit Chopra called overdraft fees a “legal loophole” that have drained billions of ...
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 ...
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 ...