The rule that would cap overdraft fees at $5 now goes to President Donald Trump, who has indicated he will sign a measure to ...

Big banks and a credit union earned nearly $3.5 billion from overdraft fees in 2024, with Chase, Wells Fargo and Navy Federal ...

The Consumer Financial Protection Bureau, or CFPB, is a federal agency that helps protect consumers from financial harm. For ...

Wells Fargo has checked more boxes in its progress toward fixing ... The OCC's 2018 order was accompanied by a $500 million fine, and came in coordination with a consent order from the CFPB. The CFPB ...

Banks are celebrating the vote, but consumer advocates warn this could worsen the struggles facing low-income families.

In December 2022, the CFPB ordered Wells Fargo to pay $1.7 billion in fines and more than $2 billion in redress and compensation to customers. Fed Chairman Jerome Powell said in 2021 the asset cap ...

The CFPB rule had been set to take effect in October ... Since 2021, many banks – most notably, Bank of America and Wells Fargo – have greatly reduced the amount they charge for overdraft ...

In 2016, the CFPB ordered Wells Fargo to pay $410,000 in relief to student loan borrowers plus a $3.6 million penalty for illegal student loan servicing practices. These companies inflated ...

The CFPB issued its final rule on overdraft in December ... while many others – notably, Bank of America and Wells Fargo – ...