CFPB announces rule limiting bank overdraft fees

 

• The Consumer Financial Protection Bureau announced the final version of a rule limiting banks’ ability to charge overdraft fees.
• It says the rule will save American consumers $5 billion annually.
• The CFPB said its overdraft rule will take effect Oct. 1, 2025, though the rule’s ultimate fate is unclear.

https://www.cnbc.com/2024/12/12/cfpb-bank-overdraft-fees-rule.html