Americans are paying far more in overdraft-related fees than previously known, with credit unions collecting almost all of the uncounted revenue, according to a new study. U.S. households spent a ...

The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 ...

WASHINGTON — As regulatory pressure on fees accelerates, LAFCU said it would lower its overdraft and nonsufficient fund fees to 99 cents, down from $32. "By reducing these fees, we are further ...

The cap, approved last year, never took effect, though some banks voluntarily lowered or eliminated their fees. Here are some tips on how to avoid or reduce your costs. By Ann Carrns A $5 cap on fees ...

A new report from the Financial Health Network said a new reporting requirement for credit unions reveals that the impact of overdraft and NSF fees is much higher than once thought. Early in 2024, the ...

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.

A Consumer Financial Protection Bureau rule to cap overdraft fees was overturned by Congress. Overdraft fees can range from $25 to $35 and disproportionately affect struggling consumers. Some ...

An overdraft occurs when you write a check or initiate a debit card purchase, and your account doesn’t have enough money to cover the transaction. The bank will cover the difference to process the ...