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 ...

Under the proposal, banking institutions would be prohibited from charging overdraft fees for overdraft items of $20 or less, or overdraft fees that exceed the amount by which the account is overdrawn ...

The Consumer Financial Protection Bureau announced a new rule proposal that would limit overdraft fees banks charge on consumers. The rules would apply to most large banks and lenders — those holding ...

Major U.S. banks must cap overdraft fees at $5, potentially saving customers $5 billion annually, starting October 1, 2025. Inflation remains high with the November Producer Price Index surpassing ...

Memorial Day is commonly thought of as the start of the hot summer season. Well, our Memorial Day this year may not be that hot - but some of the shopping deals are! Here are some categories where ...

I’ll never forget being a naive, 18-year-old fresher, checking my bank account at the end of the month to see if I had enough money to go to the pub after uni. Usually, after rent, splitting bills ...

Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic ...

The Biden administration has finalized a rule limiting overdraft fees banks can charge, as part of the White House’s campaign to reduce junk fees that hit consumers on everyday purchases, including ...

Overdraft fees can quickly add up and become a financial headache if you’re not careful. For Wells Fargo customers, understanding the bank’s overdraft fees, protection services and limits is essential ...