Americans who are charged overdraft fees are now on track to save $225 a year

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• The CFPB finalized a rule that allows banks to cap overdraft fees at $5 or set the fee at an amount that covers losses.
• The rule, which will take effect in October 2025, is projected to save Americans $5 billion annually, or $225 per household.
• The CFPB previously found that banks were charging Americans unnecessary overdraft fees.

Americans who spend more...