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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 would be slashed under new Biden ... - AOL

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

   Another law, Assembly Bill 2017, bars state-chartered banks and credit unions from charging non-sufficient funds fees on debit-card transactions that are declined because the account is overdrawn.

4. CFPB finalizes rule capping overdraft fees at $5 [Video] - 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.

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

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

   The limit on fees that banks and credit unions impose on clients whose account balances are insufficient to cover transactions would save U.S. consumers $5 billion every year, the federal agency ...

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

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

   Citizens Bank implemented an overdraft fee grace period in 2021, which allows customers with an overdrawn account to avoid overdraft fees if the account is brought back to a positive balance by ...

7. Biden administration proposes rule that could save consumers ...

   www.aol.com/consumer-watchdog-agency-proposes...

   An overdraft fee is charged when the bank or credit union covers a deposit account holder’s transaction (e.g., payment, withdrawal, debit or transfer) even though there is not enough money in ...

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

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

   Currently, there is no cap on the overdraft fees that banks can legally charge. Right now, when a bank temporarily lends a consumer money when their account has reached a zero balance, the ...

9. Capping Overdraft Fees Will Hurt Some of the People It Is ...

   www.aol.com/news/capping-overdraft-fees-hurt...

   There are currently no limits on those fees, and the average overdraft fee is about $35, according to the CFPB. The bureau estimates that the new rule will save consumers about $5 billion annually.