Decoding the CFPB’s Crackdown on “Junk Fees”: A Changing Climate
Perficient
DECEMBER 28, 2023
The CFPB’s Problem with Junk Fees Recently, a regional bank headquartered in Richmond, VA faced a hefty $6.2 These culminated in an advisory opinion paper where the CFPB illuminated the fact that “…many large banks erect obstacle courses and impose junk fees to answer basic questions.”
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