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Press release

Published JAN 17, 2024

CFPB Proposes Rule to Close Bank Overdraft Loophole that Costs Americans Billions Each Year in Junk Fees

The CFPB today proposed a rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions.

• • Access to credit
• • Banking
• • Checking account
• • Credit cards
• • Debit cards
• • Enforcement
• • Fair lending
• • Financial service providers
• • Office of Research Publication
• • Overdraft
• • Research
• • Rulemaking
• • Supervision