On December 30, 2024, the Consumer Financial Protection Bureau (CFPB) published a final rule that may dramatically change the way that certain ...

What Happened? On December 12, 2024, the Consumer Financial Protection Bureau (CFPB) issued its final “overdraft lending” rule aimed at ...

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 ...

Vivek Ramaswamy, a DOGE leader with Elon Musk, argued the Consumer Financial Protection Bureau is "un-American" after it ...

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's last-minute actions are expected to annoy the incoming Trump administration, which ...

The Consumer Financial Protection Bureau released a final overdraft rule that caps overdraft fees at $5 for the largest banks. The sweeping rule immediately drew a legal challenge from bank trade ...

“The CFPB is cracking down on these excessive junk fees,” agency director Rohit Chopra said Thursday in a statement accompanying the rule announcement. Overdraft fees are now capped at ...

Here's what you can expect to change and what you should do to take advantage of lower overdraft fees. Compare Today's Banking Offers Who would be affected by the CFPB overdraft final rule?

The CFPB said in a final rule issued Thursday, that it will reclassify overdraft fees as loans subject to interest rate disclosures under the Truth in Lending Act. The rule would apply only to the ...