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2. Banks that have cut or eliminated overdraft fees - AOL

   www.aol.com/finance/banks-cut-eliminated...

   Wells Fargo eliminated NSF and overdraft protection fees in 2022, and it also began providing customers a 24-hour grace period to cover overdrafts before incurring a fee. The bank’s overdraft ...

3. Overdraft fees would be slashed under new Biden ... - AOL

   www.aol.com/news/overdraft-fees-slashed-under...

   Senate Bill 1075 limits state-chartered banks and credit unions from charging overdraft fees larger than the amount set by the CFPB or $14, whichever is lower. If the CFPB's rule is blocked, that ...

4. Consumers could see a $5 overdraft fee in 2025 under a final ...

   www.aol.com/consumers-could-see-5-overdraft...

   The average overdraft fee was $27.08 at big banks, according to a survey released by Bankrate.com in August. That's up 1.7% from an average $26.61 for an overdraft fee in the 2023 survey.

5. The White House is cracking down on overdraft fees - AOL

   www.aol.com/news/white-house-cracking-down...

   Overdraft fees originated during a time when consumers wrote and cashed checks more frequently — so that the checks would clear instead of bouncing, if there was an issue of timing — but banks ...

6. The Biden Administration is ‘cracking down’ on banks by ...

   www.aol.com/finance/biden-administration...

   Banks raked in $2.2 billion in overdraft fees in 2023 despite slashing rates, CNBC reported. Many consumer watchdog groups believe that the banks could get their way after Republicans assume ...

7. Big banks have drastically cut overdraft fees, but customers ...

   www.aol.com/news/big-banks-drastically-cut...

   The three biggest American retail banks collected 25% less overdraft revenue last year as the ... At around $35 per transaction at many banks, the fees have been a lucrative line item for the ...

8. Overdraft fees crackdown: Biden administration sets new ... - AOL

   www.aol.com/overdraft-fees-crackdown-biden...

   The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 ...

9. Overdraft fees could drop to as low as $3 under new Biden ...

   www.aol.com/news/overdraft-fees-could-drop-low...

   Bank of America, once considered by industry critics to be the biggest abuser of overdraft fees, cut its fee from $35 to $10 two years ago and says revenue from overdraft fees is now less than 10% ...