“Banks should be competing to provide better products at lower costs, not innovating to impose extra fees for no value. The CFPB will continue to rid the market of junk fees today and prevent new junk fees from emerging in the future,” said CFPB Director Rohit Chopra.
Read More »Home >> Tag Archives: Junk fees
Hidden Fees Adding More to American’s Plates
It’s not inflation that biting into American’s bottom lines according to a new report from doxo, who found that hidden fees in banking and bill paying are causing billions of dollars of damage annually.
Read More »The Mystery of Overdraft Fees
Overdraft and NSF fees are still hitting consumer’s bank accounts, to their surprise, every year to the tune of billions of dollars according to the Consumer Financial Protection Bureau.
Read More »Biden Administration, HUD Secretary Challenge Junk Fees in Rental Housing
The Biden Administration and HUD announced they will increase the transparency of housing fees, and released new research that summarizes state and local innovation to address junk fees nationwide.
Read More »