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 ...
The National Credit Union Administration has issued guidance to federal credit unions regarding the consumer harm stemming from certain overdraft ...
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 ...
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 ...
The limit on fees that banks and credit unions impose on clients whose account balances are insufficient to cover transactions would save U.S. consumers $5 billion every year, the federal agency said ...
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 ...
Banks and trade groups are seeking to stop the Consumer Financial Protection Bureau's $5 overdraft fee rule from going into effect next year. Bank trade groups filed a preliminary injunction late ...
Journal Editorial Report: The week's best and worst from Kim Strassel, Allysia Finley and Dan Henninger. Photo: Jimin Kim/Dave Decker/Zuma Press Time is almost up for the Biden Administration ...
By Marilyn Odendahl The Indiana Citizen January 9, 2025 Anti-poverty advocates in Indiana are hoping a new federal rule that ...
President Joe Biden said the fees, which can be as high as $35, are “exploitative,” while the banking industry has lobbied extensively to keep the existing fee structures in place. The Biden ...
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