Consumer protection agency finalizes rule limiting overdraft fees
The Consumer Financial Protection Bureau installed the regulation less than two months before President-elect Donald Trump takes office.
CFPB announces rule limiting bank overdraft fees
The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks’ ability to charge overdraft fees.
US watchdog caps bank overdraft fees over industry objection
The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for overdrafts, saying the rule would save depositors $5 billion annually. The new regulation,
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 Financial Protection Bureau.
CFPB: Overdraft fee reform will save consumers $5 billion a year in bank fees
Consumers will save up to $5 billion in bank and credit union overdraft fees each year in a reform finalized Thursday by the U.S. Consumer Financial Protection Bureau.
Overdraft fees crackdown: Biden administration sets new rules for banks
The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 billion a year.
New Federal Rule Limits Overdraft Fees at Large Banks
It is unclear whether the rule, which could help save Americans billions in fees each year, will remain in place after President-elect Donald J. Trump returns to office.
Banks could soon have overdraft fees capped at $5
Federal regulators have closed a bank overdraft fee loophole that could save American consumers billions of dollars each year.
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