“Excessive overdraft fees have saddled hardworking Americans ... first announced in January as part of President Joe Biden’s crackdown on junk fees and attempt to bring about more transparency ...

The New York Department of Financial Services has proposed several changes to overdraft fees including banning banks from ...

These regulations aim to ease financial burdens on low-income residents by capping daily fees and banning predatory practices ...

NEW YORK (AP) — The Biden administration has finalized a rule limiting overdraft fees banks can charge, as part of the White House’s campaign to reduce junk fees that hit consumers on everyday ...

The National Credit Union Administration has issued guidance to federal credit unions regarding the consumer harm stemming from certain overdraft ...

The Biden administration said Thursday that a new rule set to take affect in about 10 months will save Americans up to $5 billion a year in annual overdraft fees. While consumer groups applauded ...

One example is the Consumer Financial Protection Bureau’s attempt to redefine checking accounts to make it harder for banks to charge overdraft fees. It’s bad for banks, and especially for ...

By Marilyn Odendahl The Indiana Citizen January 9, 2025 Anti-poverty advocates in Indiana are hoping a new federal rule that ...

An overdraft fee is charged when the bank or credit union covers a deposit account holder’s transaction — a payment, withdrawal, debit or transfer when there is not enough money in that account.

President Joe Biden said the fees, which can be as high as $35, are “exploitative,” while the banking industry has lobbied extensively to keep the existing fee structures in place. The Biden ...