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,

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.

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.

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.

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 ...

Walmart and a financial tech company are being sued over allegations the retail giant forced drivers to use costly, complicated deposit accounts in order to get paid and raked-in millions in the process.

They especially hate the 14-year-old Consumer Financial Protection Bureau ... tale on “The Joe Rogan Show” about how Sen. Elizabeth Warren (D-Mass.) uses the bureau to take away the bank ...

President Joe Biden had called the fees ... according to data from the Consumer Financial Protection Bureau and bank public records. Currently, there is no cap on the overdraft fees that banks can legally charge. Right now, when a bank temporarily lends ...

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 ...

Banking groups said they plan to sue the federal Consumer Financial Protection Bureau for adopting a rule that would limit overdraft fees.

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.