An overdraft fee is charged when the bank or credit union covers a deposit account holder’s transaction — a payment, withdrawal, debit or transfer when there is not enough money in that account.

Congress overturned a rule that would have capped overdraft fees at some banks and credit unions. Consumer Investigator Caresse Jackman explains what that means for your money and how to avoid those ...

The Biden administration is overhauling rules for how banks can charge overdraft fees to customers, despite an intense lobbying campaign from the industry. The Consumer Financial Protection Bureau ...

The White House is cracking down on overdraft fees The agency estimates the new rule would save consumers about $5 billion in annual overdraft fees, or $225 per household that typically ...

The Biden administration announced the crackdown on overdraft fees in January as part of a larger crusade against excessive fees in the banking industry.

Come next fall, banking customers in Massachusetts might not see double-digit overdraft fees anymore. That’s because the Consumer Federal Protection Bureau is rolling out a new rule in October ...

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 ...

By Jordan Valinsky, CNN New York (CNN) — The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions ...

New York (CNN) — 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 ...

Overdraft fees crackdown: Biden administration sets new rules for banks Susan Walsh/AP/File via CNN Newsource President Joe Biden's administration is cracking down on junk fees.