America's banking system generates billions in revenue from everyday consumers who pay for the privilege of holding, ...
Tens of millions of Americans who overdraft on their bank accounts each year may soon enjoy major relief. The government agency in charge of protecting consumers' finances introduced a new rule to ...
A major US bank has agreed to pay hundreds of millions of dollars to settle allegations that customers were charged illegal overdraft fees for years.
Congress overturned a cap on bank overdraft fees, many of which exploit the desperate need of working families for short-term credit.
Democrats are once again taking aim at dreaded bank overdraft fees. New York Congresswoman Carolyn Maloney reintroduced legislation on Wednesday that would crack down on overdraft fees, making it ...
(InvestigateTV) — When an account is overdrawn, consumers pay a high price. In 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule that would have required large banks and credit ...
The Consumer Financial Protection Bureau announced a new rule proposal that would limit overdraft fees banks charge on consumers. The rules would apply to most large banks and lenders — those holding ...
— -- Controversial bank account fees, which have fattened banks' bottom lines at the expense of vulnerable consumers, are rapidly becoming a black eye for the industry. Under siege are the fees ...
Overdraft news: In spring 2025, both the Senate and the House voted to overturn a rule that would have limited overdraft fees to $5. The resolution — which killed the rule — was also signed by ...