Decoding the CFPB’s Crackdown on “Junk Fees”: A Changing Climate
Perficient
DECEMBER 28, 2023
Understanding the CFPB’s recurrent theme and deciphering its message from the recent press releases provides insights into potential enforcement actions over the next 12-24 months and how banks can reassess their current fee structures. Failure to understand the prevailing wind risks running counter to the CFPB’s current focus.
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