CFPB roots out illegal bank junk fees - ConsumerAffairs

CFPB examiners found illegal servicing practices, particularly around the charging of unlawful fees, including hitting car owners with late fees that exceeded the permissible amounts stated in ... Read More

What CFPB Shutdown Means for Junk Fees - Newsweek

Junk fees, often hidden or unexpected charges that can inflate consumer costs, have been targeted by the CFPB in recent years under the leadership of former director Rohit Chopra. Read More

What the CFPB Calls a Junk Fee and What to Do About Them - Investopedia

The Consumer Financial Protection Bureau (CFPB) detailed junk fees uncovered between July 2022 and February 2023. The agency discovered illegal fees in deposit accounts, mortgage and student loans ... Read More

CFPB closes 'loophole' that nets big banks billions in overdraft fees

Since the CFPB began tackling junk fees, many banks have reduced or eliminated overdraft fees, saving consumers billions. However, overdraft fees still totaled $5.8 billion in 2023. Read More

Credit card late fees capped by Biden's CFPB crackdown on 'junk fees'

WASHINGTON ― Most credit card late fees will be capped at $8 under the Biden administration's latest move targeting so-called "junk fees." The Consumer Financial Protection Bureau finalized a ... Read More

Bank of America to pay out $250M over fake accounts, junk fees ...

The Consumer Financial Protection Bureau says Bank of America will pay out a total of $250 million to customers and regulators over the creation of fake accounts and other alleged misdeeds. Read More

Goodbye Junk Fees, Hello Transparency: CFPB Curbs Overdraft Fees - Forbes

Effective Oct 2025, CFPB’s new rule ends overdraft profits. Big banks must cap fees at $5, use cost-basis or fully disclose terms, saving US Americans billions each year. Read More

CFPB announces rule limiting bank overdraft fees - NBC News

The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks’ ability to charge overdraft fees. It says the rule will save American consumers $5 ... Read More

Refunds on illegal junk fees from credit repair companies coming to ...

The U.S. Consumer Financial Protection Bureau will start sending refund checks to more than 240,000 Georgians who were charged illegal junk fees by a group of credit repair companies, the bureau ... Read More

What CFPB Shutdown Means for Junk Fees - MSN

Junk fees, often hidden or unexpected charges that can inflate consumer costs, have been targeted by the CFPB in recent years under the leadership of former director Rohit Chopra. Read More