America's banking system generates billions in revenue from everyday consumers who pay for the privilege of holding, ...

Overdraft news: In spring 2025, both the Senate and the House voted to overturn a rule that would have limited overdraft fees to $5. The resolution — which killed the rule — was also signed by ...

After several years of steady declines, overdraft charges at the country's largest banks are climbing again, pulling billions of dollars from the accounts of customers who can least afford it. The ...

The Consumer Financial Protection Bureau is setting its sights on checking account overdraft fees, proposing a standard "penalty fee box" to convey key consumer information and requesting data from ...

Tens of millions of Americans who overdraft on their bank accounts each year may soon enjoy major relief. The government agency in charge of protecting consumers' finances introduced a new rule to ...

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 ...

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, ...

Over the first nine months of the year, fourteen of the largest U.S. banks reported income jumps generated from overdraft and bounced-check fees, while two banks reported declines, Douglas Gillison of ...

Bank of America, the second largest bank in the United States, announced that policy changes enacted earlier in the year have shown a recent drop in overdraft fees by 90 percent. The bank announced on ...

Bank of America announced it will reduce the price of overdraft fees. Starting in May, the company said the price of an overdraft fee will go from $35 to $10. The bank also plans to eliminate ...