Reuters21d
US watchdog caps bank overdraft fees over industry objection
Lael Brainard, President Joe Biden's National Economic Council director, added in a statement that the new rule amounted to "real relief for families." "The CFPB's new rule, which caps overdraft ...
Detroit Free Press on MSN16d
Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not
The rule announced Thursday would require big banks and credit unions to slash long criticized high overdraft fees from $25 or $35 in many cases.
UPI21d
CFPB: Overdraft fee reform will save consumers $5 billion a year in bank fees
According to the CFPB, the rule will close an overdraft loophole that applies to banks and credit unions with more than $10 billion in assets, saving consumers up to $5 billion in bank and credit ...
Business Insider21d
Americans who are charged overdraft fees are now on track to save $225 a year
On Thursday, the Consumer Financial Protection Bureau announced that it finalized a rule that would limit overdraft fees at the bank ... Rohit Chopra said in a statement. "The CFPB is cracking ...