The rule announced Thursday would require big banks and credit unions to slash long criticized high overdraft fees from $25 or $35 in many cases.

In what could be one of the final salvoes in President Joe Biden's war on what the administration calls "junk fees," the Consumer Financial Protection Bureau issued a final rule Wednesday capping bank overdraft fees at $5 in most cases.

They especially hate the 14-year-old Consumer Financial Protection Bureau. But most voters in both major parties support its work. Musk and Andreessen recently made their case publicly. “Delete CFPB” was Musk’s pithy policy position on X.

the Consumer Financial Protection Bureau is continuing its rulemaking activities in the final weeks of President Joe Biden's administration, as Reuters reported recently. This could invite ...

Elon Musk recently posted that he’d like to “delete” the Consumer Financial Protection Bureau. If you haven ... some of the things that a Biden administration might have made a priority ...

President Joe Biden had called the fees ... according to data from the Consumer Financial Protection Bureau and bank public records. Currently, there is no cap on the overdraft fees that banks can legally charge. Right now, when a bank temporarily lends ...

Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer safeguards," according to a lawsuit filed Friday by a federal government agency.

Under the Consumer Financial Protection Bureau rule announced Thursday ... will be controlled by Republicans in 2025. President Joe Biden in a statement in January called overdraft fees "exorbitant."

The federal Consumer Financial Protection Bureau Wednesday warned law enforcement agencies that some credit card companies are allegedly illegally devaluing rewards points and airline miles.

The Federal Trade Commission (FTC) finalized a rule Tuesday requiring hotels and live events in the U.S. to include all fees they charge in the advertised price. President Joe Biden's administration has used its regulatory powers to go after "junk fees" for consumers in several industries.

Before giving way to Donald Trump, President Biden is daring the GOP to eliminate his biggest wins and trying to take actions to preserve his agenda.