Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge. The rule is part of President Joe Biden administration's campaign to reduce junk fees that hit consumers on everyday purchases,

The rule announced Thursday would require big banks and credit unions to slash long criticized high overdraft fees from $25 or $35 in many cases.

In what could be one of the final salvoes in President Joe Biden's war on what the administration calls "junk fees," the Consumer Financial Protection Bureau issued a final rule Wednesday capping bank overdraft fees at $5 in most cases.

They especially hate the 14-year-old Consumer Financial Protection Bureau. But most voters in both major parties support its work. Musk and Andreessen recently made their case publicly. “Delete CFPB” was Musk’s pithy policy position on X.

The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 billion a year.

the Consumer Financial Protection Bureau is continuing its rulemaking activities in the final weeks of President Joe Biden's administration, as Reuters reported recently. This could invite ...

Under the Consumer Financial Protection Bureau rule announced Thursday ... will be controlled by Republicans in 2025. President Joe Biden in a statement in January called overdraft fees "exorbitant."

Some banks and banking trade groups are suing the Consumer ... Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge. The rule is part of President Joe ...

Elon Musk recently posted that he’d like to “delete” the Consumer Financial Protection Bureau. If you haven ... some of the things that a Biden administration might have made a priority ...

Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer safeguards," according to a lawsuit filed Friday by a federal government agency.

The Federal Trade Commission (FTC) finalized a rule Tuesday requiring hotels and live events in the U.S. to include all fees they charge in the advertised price. President Joe Biden's administration has used its regulatory powers to go after "junk fees" for consumers in several industries.

The Federal Trade Commission’s new restrictions on “junk fees” are well-positioned to survive the transition to President-elect Donald Trump and GOP lawmakers who ran as populists, even if companies subject to the rule sue to block it.