If you spend more money than you have in your checking account, your balance will go negative, and your bank will charge you an overdraft fee. Overdraft protection is a feature offered by many banks ...

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The Senate voted 52-48 in favor of overturning the Consumer Financial Protection Bureau's (CFPB) cap on overdraft fees banks can charge. With the approval, the measure goes to the House for a vote.

In the waning months of the Biden administration, the Consumer Financial Protection Bureau, or CFPB, released a flurry of new consumer protection rules, targeting everything from bank overdraft fees ...

When you use more funds than you have in your checking, savings, or money market bank account, you can end up with a negative balance. That can lead to your bank declining future transactions. If you ...

A mere four months ago, the Biden administration capped bank overdraft fees at $5. There was just one catch: The cap wouldn’t take effect until October. It now appears the cap will never take hold.