WASHINGTON ― The Biden administration on Wednesday proposed a new consumer-protection rule aimed at cutting expensive overdraft fees that banks charge − to perhaps as low as $3 − as part of President ...

Several large U.S. banks reported an uptick in overdraft-related income for the first three quarters of 2025. Economic ...

Last week, JPMorgan Chase & Co. announced that it’s eliminating overdraft fees on purchases of $5 or less. Also this month, regional banks Fifth Third and U.S. Bank are raising their overdraft fees ...

The three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators to cap the fees, created new ways for customers to avoid 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 ...

The Consumer Financial Protection Bureau cautioned banks against extracting overdraft fees from customers without first obtaining their consent. The US regulator published guidance to help enforcers ...

Experts are criticizing a proposal from the Consumer Financial Protection Bureau to cut overdraft fees for the largest banks but not smaller banks as ignoring the firms that rely disproportionately on ...

The three biggest American retail banks collected 25% less overdraft revenue last year as the companies created new ways for customers to avoid the penalties. JPMorgan Chase, Wells Fargo and Bank of ...