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Biden administration approves overdraft limits angering banks
The Biden administration is placing new rules on banks that would severely restrict how much they can charge on overdrafts.
Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not
The rule announced Thursday would require big banks and credit unions to slash long criticized high overdraft fees from $25 ...
CFPB finalizes rule capping overdraft fees at $5
The new CFPB regulation would require large banks and credit unions to either charge just $5 for overdrafts or, alternatively, pick an amount no higher than the cost of offering overdraft protection.