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  2. Tired of overdraft fees? A new Biden administration rule ...

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

    Bank overdraft fees, pricey penalties charged to customers who overdraw their accounts, face a $5 cap under new rules released by federal regulators. The cap on bank overdrafts continues a ...

  3. Overdraft fees crackdown: Biden administration sets new rules ...

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

    An overdraft fee is charged when the bank or credit union covers a deposit account holder’s transaction — a payment, withdrawal, debit or transfer when there is not enough money in that account.

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

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

    Under the overdraft rule, large banks and credit unions would have three options when setting fees: they could charge an amount based on the cost of the service, including losses from it; they ...

  5. CFPB finalizes rule capping overdraft fees at $5 - AOL

    www.aol.com/finance/cfpb-finalizes-rule-capping...

    The new CFPB regulation would require large banks and credit unions to either charge just $5 for overdrafts or, alternatively, pick an amount no higher than the cost of offering overdraft protection.

  6. 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 ...

  7. Overdraft Protection: Weighing the Pros & Cons - AOL

    www.aol.com/overdraft-protection-weighing-pros...

    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 ...

  8. Biden administration unveils proposed changes to big banks ...

    www.aol.com/news/biden-administration-unveils...

    But in exchange for this continued exemption, banks that offer courtesy overdraft coverage would be permitted to charge only fees “in line with their costs or in accordance with an established ...

  9. What is an overdraft fee and how can you avoid it? - AOL

    www.aol.com/finance/overdraft-fee-avoid...

    An overdraft fee is what a bank charges you when you withdraw more money from your account than the amount you have in it. When someone’s account is overdrawn, the bank may lend money to cover ...