The rule, unveiled Thursday, would cap overdraft fees at $5 — a substantial savings from the $35 that customers are typically ...

Charge a flat overdraft fee of $5. Cap the fee at an amount that covers their costs and losses. Charge any fee, but disclose the terms of the overdraft loan to customers the same way they would ...

Overdraft fees crackdown: Biden administration sets new rules for banks. Jordan Valinsky, CNN . Thu, Dec 12, 2024, 5:25 AM 3 min read. The Consumer Financial Protection Bureau has finalized a rule ...

The rule, unveiled Thursday, would cap overdraft fees at $5 — a substantial savings from the $35 that customers are typically charged. In total, households that pay overdraft fees could save ...

New York (CNN) — The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving ...