America's banking system generates billions in revenue from everyday consumers who pay for the privilege of holding, ...

A major US bank has agreed to pay hundreds of millions of dollars to settle allegations that customers were charged illegal overdraft fees for years.

Try to spend money that you don’t have in your checking account and you’ll end up slapped with overdraft fees. It might be an honest mistake, but that mistake could still cost $35 or more. For ...

Congress overturned a cap on bank overdraft fees, many of which exploit the desperate need of working families for short-term credit.

The Biden administration is proposing a new rule that could limit bank overdraft fees to as little as $3. The proposed regulation unveiled by the Consumer Financial Protection Bureau in tandem with ...

File - A customer makes a transaction at an automatic teller machine in Los Angeles on March 27, 2023. The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by ...

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 ...

The new rule gives banks three options for overdraft fees, the simplest being to charge $5 per overdraft. The main trade group for U.S. banks opposes the rule, saying it will lead to fewer banks ...

A Biden-era federal rule that would have capped bank overdraft fees at $5 and was expected to save Americans billions annually was struck down Wednesday by the GOP-controlled House of Representatives ...