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 banks ...

The new rule gives banks three options for overdraft fees, the simplest being to charge $5 per overdraft. The main trade group for U.S. banks opposes the rule, saying it will lead to fewer banks ...

Text Callout : Key Takeaways - The Ins and Outs of Overdraft Protection When you open a new checking account, you'll have the option to sign up for overdraft protection. Bank representatives often ...

The CFPB has proposed a long-anticipated rule targeting overdraft fees. Billed as part of its effort to rein in “junk fees,” the proposal could have a significant effect on the nature and availability ...

Some banks do not have proof that their customers have "opted-in" to overdraft services, and the Consumer Financial Protection Bureau is reminding financial institutions to maintain records of ...

Overdraft protection has become Washington’s latest punching bag. Sens. Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), and Richard Blumenthal (D-Conn.) are again criticizing banks, credit unions ...

The rule is one of several efforts to attack the estimated $90 billion collected annually in "junk" fees, or hidden charges that have no relation to the costs incurred. If your bank account regularly ...