Former officials from the Consumer Financial Protection Bureau, or CFPB, are calling the watchdog's choice to let Navy ...

NEW YORK (AP) — In the nearly six months since the Trump administration has had control of the Consumer Financial Protection ...

The Consumer Financial Protection Bureau terminated an order requiring NFCU to reimburse $80 million to customers.

Once a powerful watchdog for financial wrongdoing, the Consumer Financial Protection Bureau has seen its enforcement efforts ...

Still paying overdraft fees? Here's what to watch for -- and how switching banks can help you avoid them for good.

Overdraft fees average $27 per transaction according to Bankrate’s 2024 checking account survey, but many major banks have eliminated or reduced these charges. Capital One, Citibank, and Ally Bank ...

Regulation of Charges: In the UK, the Financial Conduct Authority (FCA) has introduced reforms to make overdrafts simpler, ...

Overdraft fees have been a financial bonanza for the banking industry, with the Consumer Financial Protection Bureau estimating that banks collected $280 billion in overdraft fees in the last 20 ...

Overdraft fees, which started in the 1990s, became lucrative for the industry but at the same time made the banks a target for consumer advocates and their allies in Congress.

Future overdraft fees charged by banks would also not be allowed to exceed the banks' losses. A bank could either calculate its owns fees through a "breakeven standard" or rely on a "breakeven fee ...

The CFPB proposed a rule on January 17 that would require financial institutions to offer more disclosures about overdraft fees and potentially limit the charges to as little as $3.