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At a time when everything seems to cost more, finding out you owe a fee on top of a base purchase price is rage-inducing.Even the federal government is getting annoyed.
On Feb. 1, 2023, the Biden administration released a fact sheet describing actions taken by the White House that continue a focus on so called “junk fees.” The announcement, which was...
Consumer Financial Protection Bureau Director Rohit Chopra plans to propose a rule to set late fees at reasonable levels and no longer peg late fees to inflation.
The Consumer Financial Protection Bureau director is looking at "small ways" to hold peer-to-peer payment providers responsible for investigating allegations of fraud under the Electronic Fund Transfer Act.
The Consumer Financial Protection Bureau's review of credit card late fees has ignited pushback from industry that supports an expected 9% jump in fees next year pegged to inflation.