Legal aid attorney Elizabeth Lynch says that Congress voting to overturn overdraft fee limits is a major blow for working class people. Those fees can turn a $1 overdraft into a $36 penalty and very quickly add up.  “We see things that are more akin to …

Banks are making billions of dollars annually from overdraft fees, with Chase alone earning $1 billion last year.Wells Fargo and Navy Federal Credit Union are also cashing in, reporting $1 billion and $335 million in overdraft fees, respectively.To avoid …

Overturning the CFPB’s Rule Will Hurt Families Struggling With the High Cost of Living   WASHINGTON DC – A group of consumer, economic justice and civil rights organizations sent a letter to the White House  today, urging President Trump to veto S.J. Res …

… -era rule that capped most bank overdraft fees at $5 is on …

Congress finalized a vote Wednesday upending a rule that barred banks from charging high overdraft fees. Under a 2024 rule issued by the Consumer Financial Protection Bureau (CFPB), large banks were prohibited from charging consumers the typical $35 per …

New Jersey By: Richard L. Smith New Jersey Attorney General Matthew J. Platkin has joined a growing coalition of state officials urging Congress to block a measure that would allow the nation’s largest banks to continue charging steep overdraft fees to …

… rule that would have limited bank overdraft fees to $5, following the …

Attorney General Kwame Raoul, along with a coalition of 22 attorneys general, has issued an appeal to the U.S. House of Representatives and the House Financial Services Committee, urging them to oppose a resolution that seeks to overturn a rule implemented …

The House voted to cancel a rule finalized under former President Joe Biden that capped overdraft fees at large banks and credit unions, sending it to President Donald Trump for final approval. The House voted 217-211 on Tuesday to pass the joint …