Overdraft protection is a service offered by banks that prevents transactions from being declined if you don't have enough funds.

When you use more funds than you have in your checking, savings, or money market bank account, you can end up with a negative balance. That can lead to your bank declining future transactions. If you ...

ATLANTA — The US House of Representatives has voted to repeal new protections for consumers from bank overdraft fees. In December, the Biden administration limited overdraft fees for big banks to $5.

The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 ...

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to ...

The Consumer Financial Protection Bureau has passed a rule limiting overdraft fees banks can charge, continuing the Biden administration's crackdown on junk fees that affect consumers on everyday ...

Overdraft protection has become Washington’s latest punching bag. Sens. Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), and Richard Blumenthal (D-Conn.) are again criticizing banks, credit unions ...

NEW YORK (AP) — Navy Federal Credit Union will no longer have to refund $80 million to servicemen and women for illegally charging them overdraft fees on their accounts, after the President Donald ...

The Biden administration is overhauling rules for how banks can charge overdraft fees to customers, despite an intense lobbying campaign from the industry to prevent the changes from going into effect ...

Overdraft fees are extremely annoying. Here's what they really mean -- and how switching banks can help you avoid them for ...

UPDATE: A quote by the National Credit Union Administration in this article was changed to remove the word "deceptive." Navy Federal, the nation's largest credit union with assets totaling $181 ...