Blocks rule capping overdraft fees at $5

Cancels a Consumer Financial Protection Bureau rule that would have limited overdraft fees at very large banks to $5 or made banks treat overdrafts as credit.

• The rule capped overdraft charges at $5 at very large banks
• Banks could charge more only if they gave a justification
• Banks could instead treat overdrafts as credit, with required loan disclosures
• The rule was published December 30, 2024

Became law · Public Law 119-10

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