The Consumer Financial Protection Bureau on Wednesday said it is proposing a rule that would curb excessive overdraft fees charged to customers of large banks and credit unions, potentially saving ...

A Biden-era federal rule that would have capped bank overdraft fees at $5 and was expected to save Americans billions annually was struck down Wednesday by the GOP-controlled House of Representatives ...

Big banks and credit unions that dominate the financial landscape would only be able to charge $5 for overdraft fees or face much tighter restrictions under a final rule by regulators. Under the ...

When my kids were much younger, we started a New Years' Eve tradition of writing down our predictions for the upcoming year. Our practice of forecasting the year in sports, world events, and the ...

SEATTLE — The Consumer Financial Protection Bureau (CFPB) wants to limit how much financial institutions can charge customers for overdraft protection plans. The CFPB’s proposed rule, published on ...

Ever scroll through your bank statement and get sucker-punched by a random $35 overdraft fee? You're not alone. U.S. banks raked in over $12.1 billion in overdraft fees and non-sufficient funds fees ...

Bank trade groups dismissed the Biden administration’s new proposal to cap overdraft fees as “misguided” and an “effort to score political points.” The Consumer Financial Protection Bureau (CFPB) ...

President Joe Biden flanked Secretary of State Antony Blinken, left, and Secretary of Defense Lloyd Austin, right, speaks during a meeting with the members of his cabinet and first lady Jill Biden, in ...

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. Rohit Chopra, the director of the government ...

WASHINGTON, D.C. (WALB) - Senator Reverend Raphael Warnock released a statement, following the response to the Consumer Financial Protection Bureau’s announcement. The proposal was to close a loophole ...

NEW YORK — The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest effort by the Biden administration to combat fees it says pose an ...