The CFPB, which initially proposed a crackdown on such fees in January, maintains that banks are charging excessive overdraft fees by exploiting a loophole that exempts overdraft lending services ...

Banks call it a service − I call it exploitation' The Biden administration announced the crackdown on overdraft fees in January as part of a larger crusade against excessive fees in the banking ...

The National Credit Union Administration has issued guidance to federal credit unions regarding the consumer harm stemming from certain overdraft ...

That protection comes at a price, though, in the form of overdraft fees of about $27 each time a customer withdraws more than their checking account could bear, Bankrate.com reported in August.

NEW YORK — The Biden administration has finalized a rule limiting overdraft fees banks can charge, as part of the White House’s campaign to reduce junk fees that hit consumers on everyday ...

“If you get hit with a fee for overdrawing your account of $30 or more, that’s a big impact, particularly for people who ...

The new year brings a 50-cent raise for California’s minimum wage workers, who will see their base pay increase to $16.50 an ...

One example is the Consumer Financial Protection Bureau’s attempt to redefine checking accounts to make it harder for banks to charge overdraft fees. It’s bad for banks, and especially for ...

By Marilyn Odendahl The Indiana Citizen January 9, 2025 Anti-poverty advocates in Indiana are hoping a new federal rule that ...