Slash Your Bank Fees: CFPB's New Overdraft Cap Could Save You $200 Annually
2025-01-16
Fortune on MSN.com
The Consumer Financial Protection Bureau's (CFPB) new cap on overdraft fees is expected to save consumers around $200 per year. However, the banking industry is likely to introduce new fees to make up for the loss, which could impact your overall banking costs. With the rise of digital banking and online banking services, it's essential to review your account terms and fees to avoid any unexpected charges. By being aware of the changes, you can make informed decisions about your financial management and potentially save money on banking fees, overdraft fees, and other charges.
