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 ...

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 ...

Big banks and credit unions that dominate the financial landscape would only be able to charge $5 for overdraft fees or face much tighter restrictions under a final rule by regulators. Under the ...

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.

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 ...

When you open a new checking account, you'll have the option to sign up for overdraft protection. Bank representatives often tout the service as a way to keep your account balance from going into the ...

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 ...

Have you ever come to the end of the month and not had enough money in your bank account to pay your rent or utility bill, or pay for groceries? Our customers at Citizens Saving Bank and Trust Company ...