The finalized rule applies to banks and credit unions that have more than $10 billion in assets, which includes the nation’s ...

If today's announcement by the Consumer Financial Protection Bureau (CFPB) is the final skirmish in the Biden ...

The agency set an October 2025 deadline for the new restrictions to take hold, giving enforcement authority to the incoming ...

The new rule requires large banks and credit unions to cap overdraft fees at $5 or an amount that covers only their costs and ...

The new CFPB regulation would require large banks and credit unions to either charge just $5 for overdrafts or, alternatively, pick an amount no higher than the cost of offering overdraft protection.

Some major banks, including Capital One and Citibank, decided to just bite the bullet and act early, throwing out overdraft ...

The rule closes a loophole that exempted overdraft fees from lending laws, but is expected to face challenges.

A rule change would take effect in October 2025 if it isn't overturned or altered. President-elect Donald Trump's pledge to slap a 25% tariff on imports from Canada in his first days in office has ...

The Biden administration is placing new rules on banks that would severely restrict how much they can charge on overdrafts.

The Republican-controlled House Financial Services Committee said via X that this "eleventh-hour final rule governing ...