In a major win for the banking industry, Congress has overturned a Consumer Financial Protection (CFPB) rule that would have ...

The judge took steps to block the late fee cap in 2024, saying it stood in opposition to the Credit Card Accountability and ...

Wells Fargo has reported a net income of $4.894bn for the first quarter (Q1) of 2025, marking a rise of approximately 5.93% ...

The rule that would cap overdraft fees at $5 now goes to President Donald Trump, who has indicated he will sign a measure to ...

Wells Fargo has checked more boxes in its progress toward fixing ... The OCC's 2018 order was accompanied by a $500 million fine, and came in coordination with a consent order from the CFPB. The CFPB ...

Banks are celebrating the vote, but consumer advocates warn this could worsen the struggles facing low-income families.

The federal rule would have capped bank overdraft fees at $5 and was expected to save Americans billions annually.

The CFPB issued its final rule on overdraft in December ... while many others – notably, Bank of America and Wells Fargo – greatly reduced them. Some Republicans, however, argued that eliminating the ...