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What You Need to Know About the CFPB’s Campaign Against Junk Fees

What You Need to Know About the CFPB’s Campaign Against Junk Fees

Released Monday, 25th March 2024
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What You Need to Know About the CFPB’s Campaign Against Junk Fees

What You Need to Know About the CFPB’s Campaign Against Junk Fees

What You Need to Know About the CFPB’s Campaign Against Junk Fees

What You Need to Know About the CFPB’s Campaign Against Junk Fees

Monday, 25th March 2024
Good episode? Give it some love!
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The CFPB has launched an aggressive campaign against so-called “junk fees.” This year the CFPB has released proposed rules targeting overdraft and non-sufficient funds fees and a final rule targeting credit card late fees. Along the same lines, two of the three latest editions of the Bureau’s Supervisory Highlights were marketed as special editions focused on junk fees. In this episode of our Global Financial Markets Podcast, Frank Doorley and Christa Bieker discuss what you need to know about the CFPB’s focus on fees that it asserts are hidden from the competitive process. 

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