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.
Several large U.S. banks reported an uptick in overdraft-related income for the first three quarters of 2025. Economic ...
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Big banks' overdraft fees are rising again amid new pressures
After several years of steady declines, overdraft charges at the country's largest banks are climbing again, pulling billions of dollars from the accounts of customers who can least afford it. The ...
Congress, the courts and the new administration have together been taking a sledgehammer to consumer protection rules, and that's going to cost people billions of dollars. Not everyone, but ...
NEW YORK — The House voted Wednesday to overturn a rule that would have limited bank overdraft fees to $5, following the Senate in moving to dismantle the regulation that the Biden administration had ...
WASHINGTON — The House voted Wednesday to overturn a rule that would have limited bank overdraft fees to $5, following the Senate in moving to dismantle the regulation that the Biden administration ...
Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Overdraft fee is a penalty banks impose when a transaction ...
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