Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge. The rule is part of President Joe Biden administration's campaign to reduce junk fees that hit consumers on everyday purchases,

In what could be one of the final salvoes in President Joe Biden's war on what the administration calls "junk fees," the Consumer Financial Protection Bureau issued a final rule Wednesday capping bank overdraft fees at $5 in most cases.

The rule announced Thursday would require big banks and credit unions to slash long criticized high overdraft fees from $25 or $35 in many cases.

They especially hate the 14-year-old Consumer Financial Protection Bureau. But most voters in both major parties support its work. Musk and Andreessen recently made their case publicly. “Delete CFPB” was Musk’s pithy policy position on X.

The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 billion a year.

the Consumer Financial Protection Bureau is continuing its rulemaking activities in the final weeks of President Joe Biden's administration, as Reuters reported recently. This could invite ...

President Joe Biden had called the fees ... according to data from the Consumer Financial Protection Bureau and bank public records. Currently, there is no cap on the overdraft fees that banks can legally charge. Right now, when a bank temporarily lends ...

Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer safeguards," according to a lawsuit filed Friday by a federal government agency.

Under the Consumer Financial Protection Bureau rule announced Thursday ... will be controlled by Republicans in 2025. President Joe Biden in a statement in January called overdraft fees "exorbitant."

Some banks and banking trade groups are suing the Consumer ... Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge. The rule is part of President Joe ...

Elon Musk recently posted that he’d like to “delete” the Consumer Financial Protection Bureau. If you haven ... some of the things that a Biden administration might have made a priority ...

The U.S. Consumer Financial Protection Bureau said on Friday it filed a lawsuit against JPMorgan Chase , Bank of America and Wells Fargo for failing to protect consumers from alleged "widespread fraud" on payments platform Zelle.