overdraft fees

The banking sector has been moving away from charging overdraft fees for a few years now. CFPB scrutiny, along with the broader economy, has made it easier for banks to forgo that overdraft fee income.

A first-of-its-kind California law shows how much credit unions receive in overdraft charges, which often burden low-income families.

The average minimum balance needed to avoid fees is now nearly $10,000

Ally Bank says the charges made up less than 1% of revenue and disproportionately affected Black, Latinx and low-income customers.

Big banks say they’ll give customers a temporary break on negative balances.

The Consumer Financial Protection Bureau is reviewing a 2009 rule that regulates how banks charge customers who overdraw their checking accounts.

A new study that finds Americans still paid $30 billion in overdraft fees last year despite efforts to curb them. Here are the facts you need to know.