Editor's Note: This article has been updated utilizing more recent information on overdraft fees. America's banking system ...

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 ...

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 ...

A forgotten bill can hit your account and trigger overdraft fees fast. Rachel DePompa shares a simple phone alert that can ...

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 ...

If today's announcement by the Consumer Financial Protection Bureau (CFPB) is the final skirmish in the Biden administration's war on so-called "junk fees," then it is a fitting end to a misguided and ...

If you spend more money than you have in your checking account, your balance will go negative, and your bank will charge you an overdraft fee. Overdraft protection is a feature offered by many banks ...

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 ...

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.

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 ...