As part of its ongoing attack on bank fees, the Consumer Financial Protection Bureau (CFPB) has issued two proposed rules to regulate fees charged by banks: one on overdraft services, and one on ...

CFPB Director Rohit Chopra called overdraft fees "a massive junk fee harvesting machine" in January when the agency proposed a rule that would set maximum fees at $14 for the largest 175 banks. The ...

Two Texas banks are accused of taking advantage of low-income customers after they charged clients $330 million in overdraft and other fees in 2022. First National Bank Texas, headquartered in Killeen ...

There's a tug of war stewing between U.S. banks and a leading national consumer group, which has proposed a significant reduction in the fees lenders can charge consumers who spend more money than ...

Citigroup is saying goodbye to overdraft fees, making it the biggest US bank to pledge to eliminate the controversial charges. Citigroup is saying goodbye to overdraft fees, making it the biggest US ...

On December 30, 2024, the Consumer Financial Protection Bureau (CFPB) published a final rule that may dramatically change the way that certain large financial institutions offer overdraft services to ...

Capitol Hill Republicans are looking to scrap a pair of major consumer protection rules as they seek to roll back some of the Biden administration’s last-minute regulatory moves. Last week, GOP ...

NEW YORK — The House voted Wednesday to overturn a rule that would have limited bank overdraft fees to $5, following the Senate in moving to dismantle the regulation that the Biden administration had ...

The House Financial Service Committee could move Wednesday toward nullifying a rule that would cap overdraft fees that are now as high as $35. The rule, finalized by the Consumer Financial Protection ...

The last thing you want when you’re running low on funds is for your bank to charge you an overdraft fee. Luckily, there are ...