The cap, approved last year, never took effect, though some banks voluntarily lowered or eliminated their fees. Here are some ...

Congress has overturned a rule meant to protect consumers from excessive overdraft fees, and the change in law is awaiting ...

A mere four months ago, the Biden administration capped bank overdraft fees at $5. There was just one catch: The cap wouldn’t ...

Key TakeawaysCongress passed a law last week overturning the Consumer Financial Protection Bureau's $5 overdraft fee cap, ...

A Biden-era rule that capped most bank overdraft fees at $5 is on the verge of being scrapped after the U.S. House of ...

Congress has voted to overturn federal limits on overdraft fees, drawing praise from banks but fierce criticism from consumer ...

The CFPB rule would have affected financial institutions with more than $10 billion in assets. The bureau said in December ...

Overdraft fees are penalties a bank can charge if you overdraw on your account. The CFPB put the $5 cap in place in December, stating that the rule could save consumers up to $5 billion in annual ...

The House of Representatives voted against a Biden-era regulation putting a ceiling on overdraft fees, sending the resolution ...

Lawmakers also struck down a rule giving the Consumer Financial Protection Bureau supervisory power over tech companies’ ...

The rule that would cap overdraft fees at $5 now goes to President Donald Trump, who has indicated he will sign a measure to ...

Banks are making billions of dollars annually from overdraft fees, with Chase alone earning $1 billion last year.Wells Fargo ...