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Coverage dated January 16, 2024

Biden Administration Could Limit Bank Overdraft Fees To As Little As $3—Here’s Why

Headline from Forbes

Bank overdraft fees cost Americans billions each year, according to the Consumer Financial Protection Bureau.

Forbes's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Read the reports

Reports & sources

63 articles, oldest first.

  1. Forbes

    Biden Administration Could Limit Bank Overdraft Fees To As Little As $3—Here’s Why (opens Forbes)

    Published

    Forbes's feed description

    Bank overdraft fees cost Americans billions each year, according to the Consumer Financial Protection Bureau.

  2. Triblive

    Banks prepare to take on the Biden administration over billions of dollars in overdraft fees (opens Triblive)

    Published

    Triblive's feed description

    NEW YORK — The squabble over billion of dollars in overdraft fees that Americans get charged every year is intensifying. The Consumer Financial Protection Bureau is expected to propose rules this week that further rein in banks’ ability to charge customers a fee when they overdraw their bank account…

  3. Fox10 Phoenix

    New Biden administration proposal aims to drop overdraft fees to as little as $3 (opens Fox10 Phoenix)

    Published

    Fox10 Phoenix's feed description

    The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest move by the Biden administration to combat fees it says pose an unnecessary burden on American consumers, particularly those living paycheck to paycheck.

  4. KCEN Waco

    Overdraft fees could drop to as low as $3 under new Biden proposal (opens KCEN Waco)

    Published

    KCEN Waco's feed description

    Under the proposal, banks would have to show how much it costs for them to run overdraft services, or instead charge a benchmark fee that could be as little as $3.

  5. The Oregonian

    Biden plan could drop overdraft fees as low as $3 (opens The Oregonian)

    Published

    The Oregonian's feed description

    Overdraft fees have been a financial bonanza for the banking industry.

  6. Insider

    The Biden administration wants to save Americans $3.5 billion a year by making sure banks aren't profiting too much off of overdraft fees (opens Insider)

    Published

    Insider's feed description

    The Americans most likely to receive an overdraft fee are also those who have difficulty paying bills.

  7. FOX Business

    Biden unveils new proposal to slash bank overdraft fees (opens FOX Business)

    Published

    FOX Business's feed description

    The Biden administration proposed a new rule that would limit overdraft fees charged by banks to as little as $3, saving households $3.5 billion annually.

  8. NBC News

    Biden administration unveils proposed changes to big banks' overdraft fees (opens NBC News)

    Published

    NBC News's feed description

    Since 2000, American consumers have paid an estimated $280 billion in bank overdraft fees, according to CFPB data.

  9. AL.com

    Overdraft fees could drop to $3 as Biden administration battles bank charges (opens AL.com)

    Published

    AL.com's feed description

    The change could potentially eliminate billions of dollars in fee revenue for the nation’s biggest banks.

  10. CBS News

    Overdraft fees would drop to as little as $3 under Biden proposal (opens CBS News)

    Published

    CBS News's feed description

    New rule would effectively eliminate what the White House calls "exorbitant" charges for overdrawn bank accounts.

  11. Quartz

    What to know about the Biden administration's proposed rule to limit bank overdraft fees (opens Quartz)

    Published

    Quartz's feed description

    The Consumer Financial Protection Bureau proposed a benchmark fee between $3 and $14

  12. UPI

    Biden administration proposes new rule to limit bank overdraft fees (opens UPI)

    Published

    UPI's feed description

    The Biden administration proposed another measure to limit excessive overdraft fees imposed by the nation's biggest banks, with the new rule aimed at cutting the average fees by more than half.

  13. Fortune

    Bank overdraft fees could drop to $3 under new Biden proposal: ‘Banks call it a service—I call it exploitation’ (opens Fortune)

    Published

    Fortune's feed description

    The change could potentially eliminate billions of dollars in fee revenue for the nation’s biggest banks, which were gearing up for a battle even before Wednesday's announcement.

  14. Money Talks News

    Inside the Biden Administration’s Plan to Stop ‘Out-of-Control’ Overdraft Fees (opens Money Talks News)

    Published

    Money Talks News's feed description

    The Consumer Financial Protection Bureau is working to eliminate predatory fees.

  15. Fortune

    Overdraft fees could go as low as $3 under rule change proposes by Biden's Consumer Financial Protection Bureau (opens Fortune)

    Published

    Fortune's feed description

    "Banks call it a service — I call it exploitation," President Joe Biden said in a statement.

  16. WISH-TV Indianapolis

    Overdraft fees could drop to as low as $3 under new White House proposal (opens WISH-TV Indianapolis)

    Published

    WISH-TV Indianapolis's feed description

    Overdraft fees - the cost to overdraw a bank account - could drop to as little as $3 under a proposal announced by the White House.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

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