Tag Archives: overdraft fees

Casey Quinlan The cost of overdrawing your bank account could ease considerably under a rule proposed last week by the Consumer Financial Protection Bureau. The proposed regulation is in line with a larger effort that the Biden administration has championed the past few years to crack down on “junk fees,” which are …

President Joe Biden on Wednesday announced that the federal consumer watchdog is cracking down on overdraft and depositor fees that often surprise Americans, deeming them unfair and likely violations of consumer protection laws. The move could save consumers more than $1 billion per year, Biden said. Some examples of these …