www.thestreet.com Open in urlscan Pro
151.101.66.98  Public Scan

Form analysis
2 forms found in the DOM

<form><phoenix-tab-panel class="m-auth--login-form" id="n1onie4di-login-form">
    <h2 class="m-auth--form-header">Log In</h2>
    <div class="m-auth--form-desc">Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more.</div><span class="m-auth--error-message"></span><input class="m-auth--form-input" name="login" id="login"
      placeholder="Email/Username" aria-label="Email/Username"><input class="m-auth--form-input" name="loginpw" id="loginpw" placeholder="Password" aria-label="Password"
      type="password"><a class="m-auth--forgot-pwd" href="https://www.thestreet.com/my-account#contact" rel="noopener" target="_blank" onclick="return phoenixTrackClickEvent(this,event)">Forgot your password?</a><button
      class="m-button m-auth--login-submit" aria-label="Log In" type="submit">Log In</button><phoenix-tab class="m-auth--form--tab"
      for="sign-up-form"><a onclick="return phoenixTrackClickEvent(this,event)">Don't have an account? Sign Up Here</a></phoenix-tab>
  </phoenix-tab-panel></form>

<form><phoenix-tab-panel class="m-auth--sign-up-form" id="n1onie4di-sign-up-form" hidden="">
    <h2 class="m-auth--form-header">Join Us</h2>
    <div class="m-auth--form-desc">Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more.</div><span class="m-auth--error-message"></span><input class="m-auth--form-input" name="email" id="email"
      placeholder="Email Address" aria-label="Email Address" type="email"><input class="m-auth--form-input" name="passwd" id="passwd" placeholder="Password" aria-label="Password" type="password"><input class="m-auth--form-input" name="confirmpasswd"
      id="confirmpasswd" placeholder="Confirm Password" aria-label="Confirm Password" type="password">
    <div class="m-auth--form-tos"><input class="m-auth--form-tos-checkbox" type="checkbox" name="tos" id="tos" checked="checked"><label class="m-auth--form-tos-notes" for="tos">I agree to
        TheMaven's<a href="https://maven.io/company/pages/terms-of-use-PgMtXpKAmUyyeSu3XPuoXw/" onclick="return phoenixTrackClickEvent(this, event);" rel="noopener" target="_blank">Terms</a>
        and<a href="https://maven.io/company/pages/privacy-policy-xyChwzu48EqTVvsgEeMRWA/" onclick="return phoenixTrackClickEvent(this, event);" rel="noopener" target="_blank">Policy</a></label></div><button class="m-button m-auth--sign-up-submit"
      aria-label="Sign Up" type="submit">Sign Up</button><phoenix-tab class="m-auth--form--tab" for="login-form"><a onclick="return phoenixTrackClickEvent(this,event)">Already have an account? Login here</a></phoenix-tab>
  </phoenix-tab-panel></form>

Text Content

Skip to main content
 * CATEGORIES
   TechRetailCryptoFinanceMarketsInvestingEconomicsEntertainmentPersonal
   FinanceBreaking NewsVideoTheStreet DealsNewslettersWhitepapers
 * PREMIUM PRODUCTS
   TheStreet SmartsAction Alert PlusCrypto InvestorReal Money ProQuant
   RatingsRetirement DailyTop StocksCompare All
 * STREET NATION
   ETF Focus
   
   Retirement Daily
   
   Apple Maven
   
   Boardroom Alpha
   
   Dividend Strategists
   
   Amazon Maven
   
   The Meme Stock
   
   C-Suite Advisors
   

 * 
 * 
 * 
 * 
 * 

 * Terms Of Use
 * Privacy Policy
 * Advertise
 * Market Holidays
 * Customer Service
 * Data
 * Topic Dictionary
 * Subscriptions
 * Press Releases
 * Licensing Request
 * Privacy Settings



January 16, 2024



LOG IN

Receive full access to our market insights, commentary, newsletters, breaking
news alerts, and more.
Forgot your password?Log InDon't have an account? Sign Up Here


JOIN US

Receive full access to our market insights, commentary, newsletters, breaking
news alerts, and more.
I agree to TheMaven'sTerms andPolicy
Sign UpAlready have an account? Login here
 * Do You Know Where to INVEST?

 * SUBSCRIBESUBSCRIBESUBSCRIBE

 * TECH
 * Retail
 * INVESTING
 * MARKETS
 * PERSONAL FINANCE
 * CRYPTO
 * SUBSCRIPTIONS

CATEGORIES
TechRetailCryptoFinanceMarketsInvestingEconomicsEntertainmentPersonal
FinanceBreaking NewsVideoTheStreet DealsNewslettersWhitepapers
PREMIUM PRODUCTS
TheStreet SmartsAction Alert PlusCrypto InvestorReal Money ProQuant
RatingsRetirement DailyTop StocksCompare All
STREET NATION
ETF Focus

Retirement Daily

Apple Maven

Boardroom Alpha

Dividend Strategists

Amazon Maven

The Meme Stock

C-Suite Advisors

Sign In
Subscribe
My Account Subscriptions
 * Profile
 * Email and Newsletters
 * Customer Support
 * Sign Out

   
 * Active Subscriptions (0)
   
 * You have no active subscriptions

--------------------------------------------------------------------------------

 * Other Premium Products
   
   
 * 
   Action Alerts Plus
   
   
 * 
   Real Money
   
   
 * 
   Real Money Pro
   
   
 * 
   Retirement Daily
   
   
 * 
   Quant Ratings
   
   
 * 
   TheStreet® | SMARTS
   
   
 * 
   Top Stocks
   
   
 * 
   CC Pro — FS Insight
   
 * Compare All

 * Personal FinancePersonal FinancePersonal Finance
 * Credit CardsCredit CardsCredit Cards
 * Debt ManagementDebt ManagementDebt Management
 * EducationEducationEducation
 * Employee BenefitsEmployee BenefitsEmployee Benefits
 * InsuranceInsuranceInsurance
 * MortgagesMortgagesMortgages
 * Real EstateReal EstateReal Estate
 * SavingsSavingsSavings
 * TaxesTaxesTaxes



 * Home
 * PERSONAL FINANCE


THE U.S. GOVERNMENT'S LATEST CRACKDOWN ON BANKS COULD PUT MORE MONEY IN YOUR
POCKET

New regulations from a government agency are set to relieve one of consumers'
biggest complaints.
 * Author:
   Patricia Battle
 * Nov 29, 2023 5:48 PM EST




The U.S. government is gearing up to tackle surprise overdraft fees at banks as
soon as next month, according to a report from Bloomberg. The Consumer Financial
Protection Bureau claims that banks have garnered roughly $8.5 billion from
insufficient fund and low-balance fees in 2021, and the agency has reportedly
been developing regulations for the past few months to crack down on the issue.

The effort is part of the Biden administration's crackdown on “junk fees,” an
initiative the president announced in October. The effort aims to eliminate
surprise fees that consumers often face while purchasing concert and airline
tickets, food takeout orders, and more, which cost consumers tens of billions of
dollars yearly.



ANALYSTS WERE SKEPTICAL OF APPLE AND GOLDMAN SACHS’ APPLE CARD, THEY WERE RIGHT

Read More


ANALYSTS WERE SKEPTICAL OF APPLE AND GOLDMAN SACHS’ APPLE CARD, THEY WERE RIGHT

Read More

"Folks are tired of being taken advantage of and being played for suckers," said
President Joe Biden in remarks at the White House on Oct. 11.

Banks usually charge overdraft fees when a payment or withdrawal from a bank
account is larger than the available balance. Fees can range from around $30 to
$35, which can put a burden on consumers financially. 



After facing immense pressure from consumers, financial regulators and the
government regarding overdraft fees, banks have recently been pulling back from
charging them. Last year, banks collected roughly $9.9 billion in overdraft
fees, a 6% decrease from what it collected in 2021, which was $10.6 billion,
according to a recent Financial Health Network survey.





The survey also reveals that banks have modified their overdraft policies for
the past two years. Financial institutions have been “reducing the size of the
fee charged, lowering the cap on the maximum number of fees per day, instituting
a grace period, or increasing the minimum negative balance amount to incur a
fee.” It even states that some have even removed overdraft fees altogether.

Unlock the secrets of the stock market with Real Money Pro. Gain direct access
to elite portfolio managers' top stock picks and time-tested investment
strategies. Embark on your journey to financial success — start now.


By
Patricia Battle

Patricia Battle is a Breaking/Trending News Writer for TheStreet's trending
section. Before joining TheStreet, Patricia was an Associate Editor for City &
State NY, and prior to that, an Editorial Intern for The Garnette Report.

 * 
 * 
 * 


EXCLUSIVE INVESTOR CONTENT

Real Money Pro


⭐DOUG KASS: MY 2024 MARKET OUTLOOK


Real Money Pro


⭐NEVER A DULL MOMENT WITH ELON MUSK AND TESLA STOCK


Real Money Pro


⭐BULLS ARE BATTLING A SHIFTING ECONOMIC NARRATIVE


Real Money Pro


⭐TOM LEE: WHY THIS 'BABY RALLY' COULD TURN INTO A LARGER RALLY


TheStreet Smarts


⭐2 TECHNOLOGY STOCKS YOU CAN BUY




THESTREET DAILY NEWSLETTER

Want TheStreet’s best daily stock and investing news right in your inbox every
weekday? Get our free flagship newsletter.

Sign Up Now





© 2024 The Arena Media Brands, LLC THESTREET is a registered trademark of
TheStreet, Inc.
 * Terms Of Use
 * Privacy Policy
 * Advertise
 * Market Holidays
 * Customer Service
 * Data
 * Topic Dictionary
 * Subscriptions
 * Press Releases
 * Licensing Request
 * Privacy Settings


CLOSE
CLOSE
CLOSE
CLOSE