Overdrafts news and trends

Trump 2.0 Expected to Pursue Regulatory Rollbacks at CFPB
CFPB // December 19, 2024

A flurry of announcements and proposals from the Consumer Financial Protection Bureau in the weeks leading up to — and after — November’s election begs the question: With the agency under fire from the majority party — as Republicans have control of the presidency and...

CFPB’s Overdraft Rule May Move Banks to Cut Services and a ‘Credit Lifeline’ for Consumers
Consumer Finance // December 12, 2024

The new (and reportedly final) rule on overdraft fees may have consumer groups — and consumers — cheering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

CFPB Unveils Overdraft Fee Regulations for Large Banks and Credit Unions
CFPB // December 12, 2024

Nearly a week after a federal judge blocked a cap on “junk fees,” the Consumer Financial Protection Bureau is overhauling overdraft fee regulations for large financial institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB: Navy Federal CU Fined $95 Million for Alleged Illegal Overdraft Fees
Bank Regulation // November 07, 2024

The government has ordered America’s largest credit union to repay its customers $80 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Interviews & Exclusives
Financial Services Regulation in 2025: More of the Same or Radical Shift?

December 24, 2024
This year was marked by a steady drumbeat of regulations and rules — and requests from regulators for information and comments from financial services players — touching on everything from credit card late fees to data sharing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all […]

CFPB’s Overdraft Rule May Move Banks to Cut Services and a ‘Credit Lifeline’ for Consumers

December 12, 2024
The new (and reportedly final) rule on overdraft fees may have consumer groups — and consumers — cheering. Get the Full Story Complete the form to unlock this article and...

Nearly 1 in 5 Middle Market CFOs Tap Bank Credit Lines for Working Capital

February 13, 2024
The adoption of external working capital solutions has surged among growth corporates — commonly referred to as middle-market firms — in North America. This trend is driven by these solutions’...

CFPB Says Overdraft Fees Are Junk Fees — But Are They?

January 17, 2024
Labels are popular on Capitol Hill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Quick Reads
CFPB Unveils Overdraft Fee Regulations for Large Banks and Credit Unions

December 12, 2024
Nearly a week after a federal judge blocked a cap on “junk fees,” the Consumer Financial Protection Bureau is overhauling overdraft fee regulations for large financial institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our […]

CFPB: Navy Federal CU Fined $95 Million for Alleged Illegal Overdraft Fees

November 07, 2024
The government has ordered America’s largest credit union to repay its customers $80 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Chime’s Free Overdraft Feature Extended $30 Billion to Users

October 01, 2024
FinTech firm Chime says it has covered billions in overdrafts for its users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Discover Unveils Overdraft Protection for Debit Card Customers

July 08, 2024
Discover debuted a new overdraft protection tool for its debit card customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...