Stories Related to Banks Design New Fees As Overdraft Rules Approach

Wells Fargo is ending its free checking account. Bank of America is testing out options. Others are expected to follow suit. The good news for bank customers this summer is that new federal rules should cut down on unexpected overdraft fees.

Sections:  news   business   
Topics:  bank fees   banks   overdraft fees   wells fargo   
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  • CFPB Finalizes Rule on Overdraft Fees for Large Financial Institutions
    On December 12, the Consumer Financial Protection Bureau (CFPB or Bureau) announced the finalization of its rule addressing overdraft fees. The ...
    12/17/2024 - 9:10 am | View Link
  • Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees
    Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge.
    12/13/2024 - 4:30 am | View Link
  • Goodbye Junk Fees, Hello Transparency: CFPB Curbs Overdraft Fees
    CFPB’s new rule ends overdraft profits. Big banks must cap fees at $5, use cost-basis or fully disclose terms, saving US Americans billions each year.
    12/12/2024 - 8:44 am | View Link
  • Biden Administration Cracks Down on Bank Overdraft Fees
    The Biden administration is overhauling rules for how banks can charge overdraft fees to customers, despite an intense lobbying campaign from the industry to prevent the changes from going into effect ...
    12/12/2024 - 6:14 am | View Link
  • New federal rule limits overdraft fees at large banks
    It is unclear whether the rule, which could help save Americans billions in fees each year, will remain in place after President-elect Donald J. Trump returns to office.
    12/12/2024 - 2:21 am | View Link
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