Add Yahoo as a preferred source to see more of our stories on Google. NEW YORK (AP) — Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced ...

A forgotten bill can hit your account and trigger overdraft fees fast. Rachel DePompa shares a simple phone alert that can help you catch it in time and avoid scams.

Editor's Note: This article has been updated utilizing more recent information on overdraft fees. America's banking system generates billions in revenue from everyday consumers who pay for the ...

The Biden administration is proposing a new rule that could limit bank overdraft fees to as little as $3. The proposed regulation unveiled by the Consumer Financial Protection Bureau in tandem with ...

File - A customer makes a transaction at an automatic teller machine in Los Angeles on March 27, 2023. The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by ...

Congress overturned a cap on bank overdraft fees, many of which exploit the desperate need of working families for short-term credit.

A major US bank has agreed to pay hundreds of millions of dollars to settle allegations that customers were charged illegal overdraft fees for years.

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 ...

The Biden administration finalized a rule that will cap overdraft fees at $5 at the largest banks and credit unions in a move that is expected to save consumers $5 ...

Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer Financial Protection Bureau. Rohit Chopra, the director of the government ...

The cost for overdrawing a bank account could drop to as little as $3 under a proposal announced by the White House, the latest effort by the Biden administration to combat fees it says pose an ...