The Consumer Financial Protection Bureau finalized rules on Thursday that would cap how much banks can charge their customers for overdrawing their checking accounts, potentially crushing a lucrative ...

Consumer groups applauded the move, but banks said customers could be driven toward more expensive options such as payday loans The Biden administration said Thursday that a new rule set to take ...

Overdraft facilities are becoming a thing of the past as mounting financial pressures, such as the cost of housing, continue to bite. An overdraft facility allows mortgaged homeowners to spend more ...

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 ...

The rule, part of the Biden administration's push to reduce junk fees to ease the burden on consumers, caps overdraft fees at $5. President Joe Biden has said that overdraft fees, which can reach as ...

Banks and trade groups are seeking to stop the Consumer Financial Protection Bureau's $5 overdraft fee rule from going into effect next year. Bank trade groups filed a preliminary injunction late ...

CENTER CITY (WPVI) -- A consumer watchdog group says its research shows banks are cashing in big time on overdraft fees. Representatives with the Pennsylvania Public Interest Research Group spoke out ...

Spain’s Supreme Court has confirmed that banks cannot simultaneously charge overdraft commissions and late-payment interest ...