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 CFPB rule would have affected financial institutions with more than $10 billion in assets. The bureau said in December ...

The federal rule would have capped bank overdraft fees at $5 and was expected to save Americans billions annually.

The Senate voted on Thursday to overturn a Biden-era rule that limited a bank's ability to penalize customers with overdraft ...

The rule, issued during the Biden administration, limited overdraft fees to $8, after determining that amount was the actual ...

Banks are celebrating the vote, but consumer advocates warn this could worsen the struggles facing low-income families.