Biden Jr.’s presidency to fall. Congress voted last week to strike down the $5 cap on most overdraft fees approved by the Consumer Financial Protection Bureau late last year. President Trump is ...

President Trump has signed a Congressional Review Act (CRA) resolution nullifying the CFPB’s controversial overdraft rule.

On May 9, the U.S. Senate Committee on Banking, Housing, and Urban Affairs announced that President Trump signed into law Chairman Tim Scott’s ...

New York Governor Kathy Hochul’s massive budget passed the state legislature late Thursday, paving the way for a bundle of ...

In a major win for the banking industry, Congress has overturned a Consumer Financial Protection (CFPB) rule that would have limited overdraft fees to $5 at the nation’s largest banks and credit ...

"Most debit card overdrafts are less than $26, far below the typical fee and are repaid within three days resulting in the ...

Not everyone, but particularly those who can least afford it. Costly bank overdraft fees are coming back, at an estimated yearly cost to consumers of $5 billion. Those are the surcharges banks ...

Court Overturns CFPB Rule on late fees: A federal court in Texas vacated a Biden-era Consumer Financial Protection Bureau (CFPB) rule that capped credit card overdraft fees at $8. The court's ...

Banks are making billions of dollars annually from overdraft fees, with Chase alone earning $1 billion last year.Wells Fargo and Navy Federal Credit Union are also cashing in, reporting $1 billion ...