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 ...

After several years of steady declines, overdraft charges at the country's largest banks are climbing again, pulling billions ...

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 ...

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 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 ...

An overdrawn bank account can do a lot more damage than you'd expect, especially over time. Khanchit Khirisutchalual/ . For ...

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 overwhelming majority of bank customers don’t want overdraft protection. According to one survey, 80% of debit card holders say they’d rather skip on the arrangement, in which banks allow ...

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 ...