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 ...

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 CFPB has proposed a long-anticipated rule targeting overdraft fees. Billed as part of its effort to rein in “junk fees,” the proposal could have a significant effect on the nature and availability ...

Text Callout : Key Takeaways - The Ins and Outs of Overdraft Protection When you open a new checking account, you'll have the option to sign up for overdraft protection. Bank representatives often ...

Some banks do not have proof that their customers have "opted-in" to overdraft services, and the Consumer Financial Protection Bureau is reminding financial institutions to maintain records of ...

Overdraft protection has become Washington’s latest punching bag. Sens. Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), and Richard Blumenthal (D-Conn.) are again criticizing banks, credit unions ...

The rule is one of several efforts to attack the estimated $90 billion collected annually in "junk" fees, or hidden charges that have no relation to the costs incurred. If your bank account regularly ...