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 ...

A major US bank has agreed to pay hundreds of millions of dollars to settle allegations that customers were charged illegal overdraft fees for years.

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 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 ...

Bank trade groups slammed the Biden administration’s latest proposal to limit overdraft fees Wednesday, dismissing it as a “misguided proposal” and an “effort to score political points.” The proposed ...

The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest effort by the Biden administration to combat fees it says pose an ...

Citigroup is saying goodbye to overdraft fees, making it the biggest US bank to pledge to eliminate the controversial charges. By this summer, Citi plans to get rid of overdraft fees, non-sufficient ...

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 ...

Rohit Chopra, director of the Consumer Financial Protection Bureau, said in March that he was "very gratified" that banks are competing again on overdraft fees, which he called "a healthy move." Bank ...

The cost for overdrawing a bank account could drop to as little as $3 under a proposal announced by the White House, the latest effort by the Biden administration to combat fees it says pose an ...

NEW YORK — The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest effort by the Biden administration to combat fees it says pose an ...