Banks can now charge fees set by other companies, and call them their own

US national banks can now charge non-interest fees that are set by outside companies. This means banks can pass along costs or generate revenue from services where the fee structure is determined by a third party, like credit card networks.

Banks have always charged fees for services, but this rule clarifies that they can adopt fee structures created by other companies. This could allow banks to offer new services or expand existing ones without having to design every fee schedule themselves. It also means that some fees customers pay might be influenced by companies they don't directly bank with.