CFPB announces rule limiting bank overdraft fees

CFPB announces rule limiting bank overdraft fees


Key Points
  • The Consumer Financial Protection Bureau on Thursday 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 that its overdraft rule will take effect Oct. 1, 2025, though its ultimate fate is unclear.



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