In an article published Tuesday, The Wall Street Journal quoted Consumer Financial Protection Bureau director, Richard Cordray who said, in a conference call, “Overdraft services began as occasional ...

Overdraft protection has been a critical component of financial services for decades, originally instituted to provide an emergency safety net for credit union members. Since its adoption, the opt-in ...

There's a tug of war stewing between U.S. banks and a leading national consumer group, which has proposed a significant reduction in the fees lenders can charge consumers who spend more money than ...

Whenever you withdraw more money than you have in your checking account, you may be subject to overdraft fees. Overdrawing your account can be costly if you perform multiple transactions per day.

Overdraft fees could be the worst banking fees ever. They’re like speeding tickets: Drive carefully and you won’t get any. Likewise, if you manage your account balances carefully, you’ll never have to ...

More than one-fourth of bank customers plan to pay for ATM and debit card overdraft protection under new rules taking effect this month that require consumers to opt in to receive the services, ...

Citigroup is saying goodbye to overdraft fees, making it the biggest US bank to pledge to eliminate the controversial charges. By this summer, Citi plans to get rid of overdraft fees, non-sufficient ...

Wells Fargo & Co said on Tuesday that it will stop charging customers fees for bouncing checks and will waive fees for customers using its overdraft protection services by March 30, as it becomes the ...