Overdraft fees are now capped at $5 ... This is the latest move in a broad Biden administration crackdown on what regulators have labeled “junk fees” on everything from hotel bookings to ...

In a major win for the banking industry, Congress has overturned a Consumer Financial Protection (CFPB) rule that would have limited overdraft fees to $5 at the nation’s largest banks and credit ...

The bureau estimated that the law would have saved bank customers about $5 billion a year by reducing overdraft fees, which are typically around $35. The next time you withdraw more money than is ...

New York Governor Kathy Hochul’s massive budget passed the state legislature late Thursday, paving the way for a bundle of ...

That said, the agency also reported that annual revenue from overdraft fees had fallen by $6.1 billion between 2019 and 2023 without government intervention — with some large banks, such as ...

Overdraft fees were once commonplace, but more banks are doing away with the hefty charges. Some have stopped charging them in favor of declining transactions, but many offer several types of free ...

The CFPB had previously capped fees at $5 but you can still find banks that don't charge them. Tiffany Wendeln Connors is a senior editor for CNET Money with a focus on credit cards. Previously ...

But you will be charged any overdraft fees that are incurred as a result, and you will be required to repay the amount you are overdrawn. Freedom Debt Relief notes that it's important to ...