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Wiley Consumer Protection Download (May 14, 2024) | Wiley Rein LLP

Wiley Consumer Protection Download (May 14, 2024) | Wiley Rein LLP
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Price Complexity On Transactions Leads Consumers To Pay More

Price Complexity On Transactions Leads Consumers To Pay More
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CFPB Uses Laboratory Experiments to Attack Junk Fees | Cadwalader, Wickersham & Taft LLP

On April 30, 2024, the Consumer Financial Protection Bureau (“CFPB”) published a report called “Price Complexity in Laboratory Markets” that concluded that the financial services.

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CFPB Says Junk Fees 'Impede Fair and Competitive Pricing'

The more complex a pricing structure, the more likely consumers are to pay more for products like credit cards, bank accounts, mortgages and auto loans. So…

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