WRAL

First on CNN: Citi is the first mega bank to kill overdraft fees

Citigroup is saying goodbye to overdraft fees, making it the biggest US bank to pledge to eliminate the controversial charges. Citigroup is saying goodbye to overdraft fees, making it the biggest US ...
JD Supra

CFPB Continues to Challenge Bank Fees: CFPB Issues Proposals to Regulate Overdraft Services and to Prohibit NSF Fees

As part of its ongoing attack on bank fees, the Consumer Financial Protection Bureau (CFPB) has issued two proposed rules to regulate fees charged by banks: one on overdraft services, and one on ...
The Business Journals

TD Bank continues overdraft fee revamp with new grace period

This is the fourth time that TD Bank has made significant changes to its overdraft fee polices. A top executive says it has nothing to do with trying to grease the wheels for its delayed acquisition ...
American Banker

Bankers say CFPB overdraft rule harms vulnerable consumers most

CFPB Director Rohit Chopra called overdraft fees "a massive junk fee harvesting machine" in January when the agency proposed a rule that would set maximum fees at $14 for the largest 175 banks. The ...
American Banker

Five trends to keep in mind as overdraft-fee battles heat up

The overdraft-fee battles are again flaring up following a last-ditch attempt by the Biden-era Consumer Financial Protection Bureau to rein in the charges. The rule would cap overdraft fees at $5 for ...
Winston-Salem Journal

Bank overdraft fees dropping to $5 under new federal rule

Triad consumers are set to benefit from a significant cut in bank overdraft fees — to as low as $5 per item — as part of the federal Consumer Financial Protection Bureau issuing its final rule ...
Finextra

Conister Bank signs exclusive deal with Fiinu for Plugin Overdraft installation

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This groundbreaking fintech innovation, powered by AI and Open Banking ...