A mere four months ago, the Biden administration capped bank overdraft fees at $5. There was just one catch: The cap wouldn’t ...

Trump is expected to sign a repeal of overdraft fee caps, allowing banks to keep charging up to $35—critics warn it hurts low ...

The rule that would cap overdraft fees at $5 now goes to President Donald Trump, who has indicated he will sign a measure to ...

Among other significant rulemakings that the Consumer Financial Protection Bureau (CFPB) finalized in the waning days of the Biden Administration ...

Overdraft fees are penalties a bank can charge if you overdraw on your account. The CFPB put the $5 cap in place in December, stating that the rule could save consumers up to $5 billion in annual ...

I think that the Trump administration has been very clearly signaling where it wants the CFPB to go, which is to a much ...

On April 9, the House of Representatives passed two Congressional Review Act (CRA) joint resolutions aimed at nullifying certain Consumer ...

House and Senate pass legislation repealing a CFPB rule that would cap overdraft fees at $5 or limit them to actual bank ...

The federal rule would have capped bank overdraft fees at $5 and was expected to save Americans billions annually.

The overdraft fee limit was one of the bureau's final rules created in the last days of the Biden administration. According to CFPB research, it would have saved consumers about $5 billion each ...

The CFPB estimated the rule would have saved consumers about $5 billion in annual overdraft fees, or $225 per household that typically experiences the fees. Biden had called the fees, which can be ...