Overdraft news: In spring 2025, both the Senate and the House voted to overturn a rule that would have limited overdraft fees to $5. The resolution — which killed the rule — was also signed by ...

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 ...

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 ...

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

WASHINGTON, Dec 16 (Reuters) - Fourteen of the largest U.S. retail banks posted jumps in the income ‌they generated from overdraft and bounced-check fees during the first ‌nine months of the year, ...

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(InvestigateTV) — When an account is overdrawn, consumers pay a high price. In 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule that would have required large banks and credit ...

Do politicians hate poor people? The question reads as simplistic, but it rates asking at times like these as legislation makes its way through Congress that would legalize a $5 cap on overdraft fees ...