A mere four months ago, the Biden administration capped bank overdraft fees at $5. There was just one catch: The cap wouldn’t ...

A Biden-era rule that capped most bank overdraft fees at $5 is on the verge of being scrapped after the U.S. House of ...

Key TakeawaysCongress passed a law last week overturning the Consumer Financial Protection Bureau's $5 overdraft fee cap, ...

Banks are making billions of dollars annually from overdraft fees, with Chase alone earning $1 billion last year.Wells Fargo ...

The federal rule would have capped bank overdraft fees at $5 and was expected to save Americans billions annually.

The CFPB rule would have affected financial institutions with more than $10 billion in assets. The bureau said in December ...

The rule, issued during the Biden administration, limited overdraft fees to $8, after determining that amount was the actual ...

A federal judge just scrapped a rule that capped credit card late fees at $8, down from over $30. This reverses a move made ...

The Consumer Financial Protection Bureau switched sides and backed a federal lawsuit by banks and business groups seeking to ...

Overdraft fees are penalties a bank can charge if you overdraw on your account. The CFPB put the $5 cap in place in December, stating that the rule could save consumers up to $5 billion in annual ...

Lawmakers also struck down a rule giving the Consumer Financial Protection Bureau supervisory power over tech companies’ ...

According to the Attorney General's Office, most bank account overdrafts are under $26, yet the fee can exceed that amount.