Overdraft Protection - Providence Business News

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ON THE DECLINE? The estimated annual amount of overdraft fees collected by U.S. banks and credit unions has dropped from a high of nearly $12 billion in 2019 to $5.3 billion in 2023. But the Consumer Financial Protection Bureau rule would cut further into that revenue. SOURCE: Federal Deposit Insurance Corp. data; Federal Financial Institutions Examination Council

Bankers fight to overturn rule on overdraft fees

Financial Services 03/14/2025

A proposed banking regulation that one federal agency says will save Americans $5 billion a year in overdraft fees is facing strong opposition from...

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