A mere four months ago, the Biden administration capped bank overdraft fees at $5. There was just one catch: The cap wouldn’t take effect until October. It now appears the cap will never take hold.

The Consumer Financial Protection Bureau announced a new rule proposal that would limit overdraft fees banks charge on consumers. The rules would apply to most large banks and lenders — those holding ...

Under President Joe Biden, the Consumer Financial Protection Bureau (CFPB) instituted a $5 cap on bank overdraft fees. Senate Republicans have voted to let banks take advantage of Americans by ...

Banks continued to reap billions in overdraft fees last year despite the efforts of the Consumer Financial Protection Bureau (CFPB) to get control of the fees. Its efforts are now in danger of being ...

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The three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators to cap the fees, created new ways for customers to avoid the ...

U.S. Sen. Elizabeth Warren, D-Mass., joined by two fellow New England lawmakers, is pressing some of the biggest banks in the nation for more information about overdraft fees that they say target the ...

Overdraft fees are the financial equivalent of a parking ticket: annoying, avoidable, and somehow always showing up at the worst time. In 2024, about 11% of Americans got hit with one. But the good ...

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WASHINGTON, Dec 16 (Reuters) - Fourteen of the largest U.S. retail banks posted jumps in the income they generated from overdraft and bounced-check fees during the first nine months of the year, while ...

Key insight: Certain large U.S. banks reported an uptick in overdraft-related revenue during the first three quarters of 2025. What's at stake: Though the increases coincide with the Trump ...