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CFPB's crack-down on "junk fees" smacks of price-fixing

Bankers object to the Consumer Financial Protection Bureau's request on “exploitative junk fees” that produce billions in income for financial institutions, arguing that banks are compliant with statutes that require fees be disclosed to customers. ....

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CFPB's crackdown on 'junk fees' smacks of price fixing, lenders say

Bankers object to the Consumer Financial Protection Bureau's request on “exploitative junk fees” that produce billions in income for financial institutions, arguing that banks are compliant with statutes that require fees be disclosed to customers. ....

State Of Louisiana , United States , New York , Puerto Rico , Norbert Michel , Richard Fairbank , Chuck Bell , Debra Stamper , Rohit Chopra , Kitty Ryan , Syed Ejaz , Amber Barnes Garcia , Consumer Financial Protection Bureau , Financial Technology Association , Kentucky Bankers Association , Colfax Banking Co , Cato Institute Center , American Bankers Association , Director Chopra , Lending Act , Consumer Reports , Barnes Garcia , Colfax Banking , Penny Lee , One Financial Chairman , Financial President ,