overdraft, CFPB

CFPB announces rule limiting bank overdraft fees
The Consumer Financial Protection Bureau announced the final version of a rule limiting banks' ability to charge overdraft fees. It says the rule will save American consumers $5 billion annually. The CFPB said its overdraft rule will take effect Oct.
Goodbye Junk Fees, Hello Transparency: CFPB Curbs Overdraft Fees
CFPB’s new rule ends overdraft profits. Big banks must cap fees at $5, use cost-basis or fully disclose terms, saving US Americans billions each year.
CFPB Orders Big Banks to Limit Overdraft Fees to $5. But Will Its Edict Stick?
The agency set an October 2025 deadline for the new restrictions to take hold, giving enforcement authority to the incoming Trump administration.
CFPB: Overdraft fee reform will save consumers $5 billion a year in bank fees
Consumers will save up to $5 billion in bank and credit union overdraft fees each year in a reform finalized Thursday by the U.S. Consumer Financial Protection Bureau.
Biden administration caps bank and credit union overdraft fees at as low as $5
The rule closes a loophole that exempted overdraft fees from lending laws, but is expected to face challenges.
Bank stocks slip after CFPB finalizes overdraft fee rule
Most U.S. bank stocks dipped in Thursday trading after the Consumer Financial Protection Bureau  finalized a rule that essentially caps overdraft fees at $5 per instance. The new rule applies to banks and credit unions that have at least $10B in assets.
New regulations will limit bank overdraft fees. Many banks have already done so.
Some major banks, including Capital One and Citibank, decided to just bite the bullet and act early, throwing out overdraft fees altogether.
Overdraft fees could be capped at $5 under new federal rule
Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer Financial Protection Bureau.
Consumer protection agency finalizes rule limiting overdraft fees
The Consumer Financial Protection Bureau installed the regulation less than two months before President-elect Donald Trump takes office.
US watchdog caps bank overdraft fees over industry objection
The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for overdrafts, saying the rule would save depositors $5 billion annually. The new regulation,
Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not
The rule announced Thursday would require big banks and credit unions to slash long criticized high overdraft fees from $25 or $35 in many cases.
Capping Overdraft Fees Will Hurt Some of the People It Is Supposed To Help
If today's announcement by the Consumer Financial Protection Bureau (CFPB) is the final skirmish in the Biden ...
Americans who are charged overdraft fees are now on track to save $225 a year
The Consumer Financial Protection Bureau finalized a rule that caps overdraft fees.
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CFPB gives banks, credit unions these options to cap overdraft fees
The Consumer Financial Protection Bureau (CFPB) has announced a new final rule intended to save Americans billions of ...
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CFPB Targets Overdraft Fees, House Financial Services Committee Says Not So Fast
The Republican-controlled House Financial Services Committee said via X that this "eleventh-hour final rule governing ...
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Consumer Finance Watchdog CFPB Closes Overdraft Loophole, Set To Bring In $5B Savings Annually
The Consumer Financial Protection Bureau (CFPB), an independent regulatory agency, said on Thursday it has closed an outdated ...