Donald Trump, Elon Musk and the GOP want to reduce the authority of the CFPB, the agency behind a 2024 rule limiting overdraft fees. Money; Getty Images Many Americans celebrated last year when ...

Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer Financial Protection Bureau. Rohit Chopra, the director of the government ...

Capping overdraft fees may seem helpful, but will actually result in more banks simply not allowing overdrafts at all, writes Thomas Knapp. Getty Images The U.S. Consumer Financial Protection Bureau, ...

After several years of steady declines, overdraft charges at the country's largest banks are climbing again, pulling billions ...

Big banks and credit unions that dominate the financial landscape would only be able to charge $5 for overdraft fees or face much tighter restrictions under a final rule by regulators. Under the ...

President Joe Biden's administration has finalized a rule that limits overdraft fees banks can charge. The rule, announced on Thursday, places a cap on overdraft fees at $5. Biden has said that ...

Aj Fabino is a Newsweek reporter based in Chicago. His focus is reporting on Economy & Finance. Aj joined Newsweek in 2023 and brings with him in-field experience reporting on complex financial topics ...

Allison Landa is a longtime business writer whose work on real estate, personal finance, and insurance have appeared in multiple publications including Parents, Business Insider, The Washington Post, ...

Journal Editorial Report: The week's best and worst from Bill McGurn, Kate Bachelder Odell and Kim Strassel. Photo: AFP/Getty Images/Khalil Hamra/Associated Press The Senate passed a resolution, 52-48 ...

A Consumer Financial Protection Bureau rule to cap overdraft fees was overturned by Congress. Overdraft fees can range from $25 to $35 and disproportionately affect struggling consumers. Some ...

There may be nothing quite like the sting of being fined for not having enough money. Both checking accounts and savings accounts can sneak in and charge overdraft fees when you least expect them, so ...

The CFPB rule would apply to banks with more than $10 billion in deposits. Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer ...