The White House is cracking down on overdraft fees

NEW YORK (AP) -- The Biden administration has finalized a rule limiting overdraft fees banks can charge, as part of the White House's campaign to reduce junk fees that hit consumers on everyday purchases, including banking services. President Joe Biden had called the fees, which can be as high as $35, "exploitative," while the banking industry has lobbied extensively to keep the existing fee structures in place. Read More