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 ...

In the waning months of the Biden administration, the Consumer Financial Protection Bureau, or CFPB, released a flurry of new consumer protection rules, targeting everything from bank overdraft fees ...

(InvestigateTV) — When an account is overdrawn, consumers pay a high price. In 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule that would have required large banks and credit ...

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 ...