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 ...
Donald Trump, Elon Musk and the GOP want to reduce the authority of the CFPB, the agency behind a 2024 rule limiting overdraft fees. Money; Getty Images Many Americans celebrated last year when ...
Joel is a full-time Personal Finance Writer at Motley Fool Money, where he brings a clear, approachable voice to topics ranging from credit cards to side hustles. He’s been writing about money since ...
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Bank on Thursday announced the launch of Regions Now Checking SM, a checking account that combines the convenience of modern banking with no overdraft fees.
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.
If today's announcement by the Consumer Financial Protection Bureau (CFPB) is the final skirmish in the Biden administration's war on so-called "junk fees," then it is a fitting end to a misguided and ...
Overdraft fees: Members who receive $1,000 or more in total monthly direct deposits are eligible for no overdraft fee. High-yield savings accounts are similar to traditional savings accounts, but they ...
The rule is one of several efforts to attack the estimated $90 billion collected annually in "junk" fees, or hidden charges that have no relation to the costs incurred. If your bank account regularly ...
Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...
There may be nothing quite like the sting of being fined for not having enough money. Both checking accounts and savings accounts can sneak in and charge overdraft fees when you least expect them, so ...
Many Americans celebrated last year when government officials announced a restriction on $35 bank overdraft fees for checking accounts. But with the change in leadership in D.C., it’s now unclear ...