CFPB Monitor

OCTOBER 30, 2022

On October 20, 2022, the Federal Trade Commission (“FTC”) announced that it is issuing an Advance Notice of Proposed Rulemaking (“ANPR” or “Notice”) to address “junk fees,” a term used in the Notice to refer to “unfair or deceptive fees that are charged for goods and services that have little or no added value to the consumer.”. In announcing the Notice, the FTC said it is seeking public comment on “the harms stemming from junk fees and associated junk fee practices and on whether a new rule wou

Capital 148

Capital Regulation Mobile Cards 148

TheGuardian

OCTOBER 30, 2022

Case highlights how bank customers can lose access to funds over claims as minor as £40 without chance to contest complaint A hospice patient was left with no access to his money after his bank froze his account because of a £250 debt he was too ill to pay. The wedding photographer, who does not want to be named, was unable to fulfil a contract after collapsing with an undiagnosed brain tumour.

Fraud 97

Fraud Groups Regulation 97

American Banker

OCTOBER 30, 2022

Industry 81

Industry 81