The White House is cracking down on bank overdraft fees

While banks have cut back on overdraft fees in the past decade, the nation’s biggest banks still take in roughly $8 billion in the charges every year, according to data from the Consumer Financial ... Read More

Biden Administration Cracks Down on Overdraft Fees

President Joe Biden's administration has finalized a rule that limits overdraft fees banks can charge.The rule, announced on Thursday, places a cap on overdraft fees at $5. Biden has said that ... Read More

Federal judge blocks White House plan to curb credit card late fees

A federal judge in Texas has blocked a new government rule that would slash credit card late ... fee cut will take effect before full consideration of the merits of the lawsuit." The White House ... Read More

Biden administration finalizes rule cutting credit card late fees

President Joe Biden on Tuesday touted his administration's latest effort to slash credit card late fees in a move ... The "Strike Force" will target behavior that hikes prices on Americans through ... Read More

Biden proposal could significantly lower bank overdraft fees

WASHINGTON (NEXSTAR) – The Biden administration is launching a proposal that could cut overdraft fees by more than half, according to the White House ... small banks and credit unions. Read More

Judge Blocks Biden’s $8 Credit Card Fee Cap, Critics Call It ‘A Big Win for Banks!’

A federal judge in Texas has ruled against a Biden administration regulation that would have capped credit card late fees at $8, marking a significant setback for the Consumer Financial Protection ... Read More

Federal judge temporarily halts Biden plan to lower credit card late fees to $8

LOS ANGELES (AP) — A federal judge in Texas temporarily halted a plan by the Biden administration ... in roughly $14 billion in credit card late fees a year. White House spokesperson Jeremy ... Read More