A mere four months ago, the Biden administration capped bank overdraft fees at $5. There was just one catch: The cap wouldn’t take effect until October. It now appears the cap will never take hold.

Overdraft fees could fall from $35 to as low as $3 under a proposed rule. Tens of millions of Americans who overdraft on their bank accounts each year may soon enjoy major relief. The government ...

Big banks and credit unions that dominate the financial landscape would only be able to charge $5 for overdraft fees or face much tighter restrictions under a final rule by regulators. Under the ...

The Consumer Financial Protection Bureau (CFPB) said it has closed a loophole on overdraft fees — limiting banks’ ability to charge them and potentially saving households hundreds of dollars. The ...

Whether you’re a freelancer or own a growing business with dozens of employees, the right bank accounts can help you manage ...

When you use more funds than you have in your checking, savings, or money market bank account, you can end up with a negative balance. That can lead to your bank declining future transactions. If you ...

Stearns Bank in Minnesota has eliminated overdraft fees as part of a broader strategy to limit the service fees it charges customers. For Stearns Bank CEO Kelly Skalicky, the smart deposit strategy ...

Atlantic Union Bank to reimburse $5 million to customers for illegal overdraft fees. CFPB imposes $1.2 million penalty on Atlantic Union Bank for overdraft fee violations. 9 Out of the Last 10 Summers ...

The bank claims it will waive the $35 overdraft fee if the account is brought to a positive balance by 11 p.m. the next business day. However, in a lawsuit filed Thursday, the plaintiff alleged that ...

SAN FRANCISCO--(BUSINESS WIRE)--Leading consumer financial technology company, Chime ®, the #1 Most Loved Banking App 1, announced today that its fee-free overdraft feature, SpotMe 2, has covered its ...