New CFPB Rule Cracks Down on Junk Fees

January 24, 2024 Kyle G. Horst

“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.

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