The $5 Limit on Overdraft Fees May Soon Be Struck Down

The $5 Limit on Overdraft Fees May Soon Be Struck Down

The cap, approved last year, never took effect, though some banks voluntarily lowered or eliminated their fees. Here are some tips on how to avoid or reduce your costs.
Court Scraps $8 Limit on Credit Card Late Fees

Court Scraps $8 Limit on Credit Card Late Fees

The Consumer Financial Protection Bureau switched sides and backed a federal lawsuit by banks and business groups seeking to eliminate a fee cap the bureau set last year.