The Consumer Financial Protection Bureau announced a new rule proposal that would limit overdraft fees banks charge on consumers. The rules would apply to most large banks and lenders — those holding ...

A mere four months ago, the Biden administration capped bank overdraft fees at $5. There was just one catch: The cap wouldn’t take effect until October. It now appears the cap will never take hold.

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Banks continued to reap billions in overdraft fees last year despite the efforts of the Consumer Financial Protection Bureau (CFPB) to get control of the fees. Its efforts are now in danger of being ...

The three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators to cap the fees, created new ways for customers to avoid the ...

WASHINGTON — Senate Democrats, led by Banking Committee ranking member Elizabeth Warren, D-Mass, wrote to a group of more than 20 banks seeking information on how Congress' nullification of the ...

WASHINGTON, Dec 16 (Reuters) - Fourteen of the largest U.S. retail banks posted jumps in the income they generated from overdraft and bounced-check fees during the first nine months of the year, while ...