Browsing: overdraft

House Speaker Mike Johnson, R-La., center.Bloomberg News WASHINGTON — The House voted in favor of the Congressional Review Act resolutions to nullify the Consumer Financial Protection…

Americans are paying far more in overdraft-related fees than previously known, with credit unions collecting almost all of the uncounted revenue, according to a new study.U.S.…

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WASHINGTON — As regulatory pressure on fees accelerates, LAFCU said it would lower its overdraft and nonsufficient fund fees to 99 cents, down from $32. “By reducing…

New York Governor Kathy HochulPhotographer: Stephanie Keith The New York Department of Financial Services has proposed banning state-chartered banks from charging overdraft fees on transactions of…

Consumer Financial Protection Bureau Director Rohit ChopraBloomberg News The incoming Trump administration could face an early political dilemma if it seeks to kill the Consumer Financial…

Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe…

The Consumer Financial Protection Bureau is set to release a final rule capping overdraft fees at $5 for the largest banks.Under a final rule to be…

The Consumer Finance Protection Bureau levied its largest-ever fine on a credit union Thursday, sanctioning Navy Federal in Vienna, Virginia, for what it termed “illegal surprise”…

Key takeaways An overdraft fee is charged when you don’t have enough money in your bank account to cover a debit — the average charge is…