Consumer finance watchdog caps bank overdraft fees
Big banks will now have to put a limit of $5 on overdraft fees, the Consumer Financial Protection Bureau said. The consumer ...
Overdraft Fees Could Be Capped At $5 Under New Rule
In what could be one of the final salvoes in President Joe Biden's war on what the administration calls "junk fees," the ...
Column: Trump-friendly billionaires are taking aim at the federal agencies that protect workers and consumers
SpaceX and Amazon want key federal regulatory agencies to be declared unconstitutional. The losers would be workers and ...
Overdraft fees could be capped at $5 under new federal rule
Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer ...
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 ...
Georgia Recorder1h
Warnock pushes to finalize plan blocking medical debt from credit reports
Georgia U.S. Sen. Raphael Warnock is pressing the Consumer Financial Protection Bureau to finalize a change that would keep ...
CFPB Finalizes Bank Overdraft Fee Cap Opposed by GOP, Industry
Large US banks will have to cap overdraft fees at $5 — or an amount that covers their costs and losses — under a new consumer ...
ConsumerAffairs1h
CFPB closes 'loophole' that nets big banks billions in overdraft fees
The Consumer Financial Protection Bureau is closing a loophole that it says allowed big banks to profit heavily from ...
Lucas: Warren, Markey’s Trump tantrums could hurt Mass.
Massachusetts Democratic Senators Elizabeth Warren and Ed Markey must have missed the results of November’s election.
US watchdog caps bank overdraft fees over industry objection
The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for ...
American Banker2h
CFPB caps overdraft fees at $5 without APR disclosure
In a final rule to be released Thursday, the Consumer Financial Protection Bureau would allow banks to either charge $5 for ...
Do I have to pay off credit card debt that’s been sold to a collector?
When you fail to repay credit card balances you owe, those unpaid debts are eventually sold to third-party debt collection agencies. This means you no longer owe the credit card company for the ...