Consumer watchdog signals broad crackdown on hidden fees for banks, credit cards
The Consumer Financial Protection Bureau on Wednesday signaled a broad crackdown on hidden and excessive fees charged by banks, mortgage lenders and other financial entities.
The federal agency, created in the wake of the 2008 financial crisis, is seeking consumers’ input on so-called junk fees associated with their bank, credit union, prepaid or credit card account, mortgage, loan or payment transfers.
https://www.cnbc.com/2022/01/26/cfpb-signals-crackdown-on-hidden-fees-for-banks-credit-cards.html
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