Overdraft Fees & Services - NCLC

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Overdraft Fees & Services

Overdraft fees drain billions of dollars from low-income consumers, especially in communities of color. Banks use trips and traps to maximize overdraft fees, which operate as a back-end profit center that disguises the cost of bank accounts. Newer forms of overdraft protection may also have hidden fees. NCLC works to stop these abuses.

Consumers and Groups File for Right to Defend Rule Removing Medical Debt from the Credit Reports of 15M People

February 13, 2025

With CFPB Under Shut-Down Order, Consumers and Groups Seek to Intervene to Defend Lifeline for People Harmed by Medical Debt

Read More about: Consumers and Groups File for Right to Defend Rule Removing Medical Debt from the Credit Reports of 15M People

Congress’s Move to Overturn Overdraft Fee Rule Would Block Relief for Families Living Paycheck to Paycheck

February 3, 2025

201 Groups Oppose Repealing CFPB Overdraft Fee Rule

February 5, 2025

Comments & Letters

Press Releases & News

Recent

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Bill to Overturn CFPB Overdraft Fee Rule Would Hurt Families, Allow Big Banks to Keep $5 Billion in Excessive Fees

February 13, 2025

201 Groups Oppose Repealing CFPB Overdraft Fee Rule

February 5, 2025

NCLC Statement for the Record on Senate Committee on Banking, Housing, and Urban Affairs Hearing on Investigating the Real Impacts of Debanking in America

February 5, 2025

Mississippi Bankers Association et al v. Consumer Financial Protection Bureau

February 5, 2025

Coalition Moves to Protect Consumers from Costly Bank Overdraft Fees

February 5, 2025

Congress’s Move to Overturn Overdraft Fee Rule Would Block Relief for Families Living Paycheck to Paycheck

February 3, 2025

Overdraft Rule Returns $5 Billion in Big Bank Junk Fees to Consumers’ Pockets

January 29, 2025

Tell Congress: Support the CFPB’s $5 Cap on Overdraft Junk Fees

December 16, 2024

CFPB Overdraft Rule Provides Real Savings for Families Living Paycheck to Paycheck

December 12, 2024

Comments & Letters

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201 Groups Oppose Repealing CFPB Overdraft Fee Rule

February 5, 2025

Comments on Interchange Fees Rule

May 10, 2024

Coalition Comments on CFPB’s Proposed Rule Governing Overdraft Lending at Very Large Financial Institutions

April 1, 2024

NCLC Comments on CFPB’s Proposed Rule Governing Overdraft Lending at Very Large Financial Institutions

April 1, 2024

Consumer Comments to the CFPB Regarding Junk Fees Imposed by Providers of Consumer Financial Products or Services

May 2, 2022

NCLC & NHLP Comments to the Consumer Financial Protection Bureau Regarding Fees Imposed by Providers of Consumer Financial Products or Services

April 11, 2022

Group Letter Supporting HR 4277, the Overdraft Protection Act of 2021

March 30, 2022

Letter to CA Senate Regarding Direct Deposits to Qualifying Accounts, Overdraft Features

March 29, 2021

Reports

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Rating State Government Payroll Cards

November 5, 2015

Payday Lender Prepaid Cards: Overdraft and Junk Fees Hit Cash-Strapped Families Coming and Going

July 21, 2015

Report: Restoring the Wisdom of the Common Law: Applying the Historical Rule Against Contractual Penalty Damages to Bank Overdraft Fees

April 21, 2013

Bounce Protection: How Banks Turn Rubber into Gold by Enticing Consumers to Write Bad Checks

January 28, 2003

Issue Briefs

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Overdraft Rule Returns $5 Billion in Big Bank Junk Fees to Consumers’ Pockets

January 29, 2025

2021 Banking Agency Predatory Lending and Safe Banking Priorities

January 1, 2021

Restoring the Wisdom of the Common Law: Applying the Historical Rule Against Contractual Penalty Damages to Bank Overdraft Fees

April 17, 2013

Features of a Safe Basic Banking or Prepaid Card Account

December 21, 2010

Press Releases & News

View All for Press Releases & News

Bill to Overturn CFPB Overdraft Fee Rule Would Hurt Families, Allow Big Banks to Keep $5 Billion in Excessive Fees

February 13, 2025

Coalition Moves to Protect Consumers from Costly Bank Overdraft Fees

February 5, 2025

Congress’s Move to Overturn Overdraft Fee Rule Would Block Relief for Families Living Paycheck to Paycheck

February 3, 2025

CFPB Overdraft Rule Provides Real Savings for Families Living Paycheck to Paycheck

December 12, 2024

144 Organizations Support CFPB Rule to Curb Abusive Overdraft Fees

April 1, 2024

CFPB Proposes Rule to Limit Harmful Overdraft Fees

January 17, 2024

White House Takes Aim at Junk Fees in Rental Housing, Banking, and More

October 11, 2023

Consumer Advocates Urge CFPB to Protect Consumers From “Junk Fees”

May 2, 2022

Broad Coalition Urges CFPB To Examine Fintech Credit Products and Fee Models

December 21, 2021

From the NCLC Digital Library

Consumer Banking and Payments Law

The treatise that keeps readers up to date on changes in payments and banking: money orders, check payments, lost checks, check deposits, accord and satisfaction, bank fees, banker’s right of setoff and new federal regulation protecting benefits from seizure.

Read Chapter One

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