If today's announcement by the Consumer Financial Protection Bureau (CFPB) is the final skirmish in the Biden administration's war on so-called "junk fees," then it is a fitting end to a misguided and ...

The new rule gives banks three options for overdraft fees, the simplest being to charge $5 per overdraft. The main trade group for U.S. banks opposes the rule, saying it will lead to fewer banks ...

File - A customer makes a transaction at an automatic teller machine in Los Angeles on March 27, 2023. The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by ...

The Biden administration is proposing a new rule that could limit bank overdraft fees to as little as $3. The proposed regulation unveiled by the Consumer Financial Protection Bureau in tandem with ...

The Consumer Financial Protection Bureau (CFPB) said it has closed a loophole on overdraft fees — limiting banks’ ability to charge them and potentially saving households hundreds of dollars. The ...

Curtis Fitzgerald has been a San Diego County Credit Union customer for years. “I see the credit union, ideally, as a part of the fabric of the community,” he said. But his feelings toward San Diego ...

Depositing surplus funds in an overdraft-linked account reduces the loan balance and helps save interest over time ...

The three biggest American retail banks collected 25% less overdraft revenue last year as the companies created new ways for customers to avoid the penalties. JPMorgan Chase, Wells Fargo and Bank of ...

Congress overturned a cap on bank overdraft fees, many of which exploit the desperate need of working families for short-term ...

Were you part of the 11% of Americans who paid an overdraft fee in 2024? Even if your answer is "no," it's worth switching to a bank without them. Big banks make billions of dollars on pesky fees, ...

Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic ...

I don't know about you, but I hate the fact that banks are still charging overdraft fees in 2025. According to Motley Fool Money research, 11% of Americans paid an overdraft fee last year. That's ...