The Consumer Financial Protection Bureau's new rule caps overdraft fees at $5, aiming to save consumers billions annually and ...

The Consumer Financial Protection Bureau is capping the fees at $5 with a rule set to take effect in October 2025, if it ...

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The Biden administration is placing new rules on banks that would severely restrict how much they can charge on overdrafts.

The rule closes a loophole that exempted overdraft fees from lending laws, but is expected to face challenges.