(NewsNation) — A new rule from the Biden administration would cap overdraft fees at $5, lower than the average of $26 in 2023. The new rule was released Thursday by federal regulators and is part of ...

The Consumer Financial Protection Bureau (CFPB) said it has closed a loophole on overdraft fees — limiting banks’ ability to charge them and potentially saving households hundreds of dollars. The ...

New York (CNN) — The Consumer Financial Protection Bureau on Wednesday said it is proposing a rule that would curb excessive overdraft fees charged to customers of large banks and credit unions, ...

The Consumer Financial Protection Bureau took action to close an outdated overdraft loophole that exempted overdraft loans from lending laws. The agency’s final rule on overdraft fees applies to the ...

WASHINGTON ― The Biden administration on Wednesday proposed a new consumer-protection rule aimed at cutting expensive overdraft fees that banks charge − to perhaps as low as $3 − as part of President ...

The Consumer Financial Protection Bureau proposed a rule on January 17 that would require financial institutions to offer more disclosures about overdraft fees and potentially limit the charges to as ...

A home loan is a long-term commitment. Many people take a home loan because they don’t have enough money to buy a house upfront. But there are also borrowers who do have the funds, yet prefer to keep ...

In today’s competitive business environment, access to timely finance plays a crucial role in sustaining operations and ...

SOUTH CAROLINA (WCIV) — Sen. Tim Scott (R-SC) has drawn criticism as Chairman of the Senate Banking Committee after leading an effort to roll back caps on overdraft fees put into place under the Biden ...