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The CFPB is continuing its crusade against so called "junk fees," and now is looking at credit reporting fees. In a May 20 speech to the Mortgage Bankers Association, Director Rohit Chopra highlighted the rising costs of obtaining credit reports which he stated affects both lenders and consumer.
The Federal Deposit Insurance Corporation's (FDIC) board of directors considered competing resolutions concerning possible amendments to regulations implementing the Change in Bank Control Act.
Hidden fees can drive up your bill when buying concert tickets, staying at a hotel, renting a car, doing banking. Regulators aim for new crackdown.
The Consumer Financial Protection Bureau advises consumers to move money held on digital payment apps to traditional banks as the cash is uninsured by the government.