The cap, approved last year, never took effect, though some banks voluntarily lowered or eliminated their fees. Here are some ...

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

The Consumer Financial Protection Bureau in the last few years has aggressively tried to limit what it called excessive fees.

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

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 ...

Congress has voted to overturn federal limits on overdraft fees, drawing praise from banks but fierce criticism from consumer ...

For customers living paycheck-to-paycheck, overdraft protection provides an important lifeline to ensure critical expenses ...

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 ...

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

The rule that would cap overdraft fees at $5 now goes to President Donald Trump, who has indicated he will sign a measure to ...

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