The Senate voted 52-48 in favor of overturning the Consumer Financial Protection Bureau's (CFPB) cap on overdraft fees banks can charge. With the approval, the measure goes to the House for a vote.

When you use more funds than you have in your checking, savings, or money market bank account, you can end up with a negative balance. That can lead to your bank declining future transactions. If you ...

A mere four months ago, the Biden administration capped bank overdraft fees at $5. There was just one catch: The cap wouldn’t take effect until October. It now appears the cap will never take hold.

Overdraft fees average about $27 per transaction according to Bankrate’s 2025 checking account survey, but many major banks have eliminated or reduced these charges. Capital One, Citibank, and Ally ...

Big banks and credit unions that dominate the financial landscape would only be able to charge $5 for overdraft fees or face much tighter restrictions under a final rule by regulators. Under the ...

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With more than three years of experience as a personal finance writer, Jamela Adam simplifies complex money topics to help readers become experts at managing their finances. Her work has been featured ...