Only some will benefit from the coming "great wealth transfer." Plus, wholesale inflation and the quest for a new hat ...

“For financial institutions that wish to profit from overdraft lending, they may do so by complying with the standard ...

The Consumer Financial Protection Bureau's new rule caps overdraft fees at $5, aiming to save consumers billions annually and ...

Under the finalized rule announced Thursday, banks will be able to choose from three options: they may charge a flat overdraft fee of $5, they may charge a fee that covers their c ...

The Consumer Financial Protection Bureau announced the final version of a rule limiting banks' ability to charge overdraft ...

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 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 ...

CFPB’s new rule ends overdraft profits. Big banks must cap fees at $5, use cost-basis or fully disclose terms, saving US ...

The rule closes a legal loophole that allowed banks to bypass laws limiting how much they could charge consumers in overdraft ...

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