The Biden administration announced the crackdown on overdraft fees in January as part of a larger crusade against excessive fees in the banking industry. “For too long, some banks have charged ...

Banks rely on the fact that most people either won't notice overdraft fees or won't have the time and energy to dispute them.

The CFPB, which initially proposed a crackdown on such fees in January, maintains that banks are charging excessive overdraft fees by exploiting a loophole that exempts overdraft lending services ...

The Consumer Financial Protection Bureau has passed a rule limiting overdraft fees banks can charge, continuing the Biden administration's crackdown on junk fees that affect consumers on everyday ...

New York Governor Kathy Hochul’s massive budget passed the state legislature late Thursday, paving the way for a bundle of ...

HUNTSVILLE, Ala. (WHNT) — Congress has overturned a rule meant to protect consumers from excessive overdraft fees, and the change in law is awaiting the President’s signature. The rule ...

That said, the agency also reported that annual revenue from overdraft fees had fallen by $6.1 billion between 2019 and 2023 without government intervention — with some large banks, such as ...

Despite the fees being scrapped as a result of the FCA crackdown, the cost of borrowing £500 for 30 days in an arranged overdraft in a free current account has dropped by just over £1 ...

"Most debit card overdrafts are less than $26, far below the typical fee and are repaid within three days resulting in the ...

But you will be charged any overdraft fees that are incurred as a result, and you will be required to repay the amount you are overdrawn. Freedom Debt Relief notes that it's important to ...