In its war on ‘junk fees,’ CFPB targets mortgage servicing

The CFPB's new Supervisory Highlights report details how a war on 'junk fees' is targeting mortgage servicers. Read More

CFPB offers specifics on servicing fees subject to crackdown

The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels. Read More

The CFPB Is Cleaning Up Junk Fees

The Consumer ... out junk fees a core component of its broader agenda to improve competition and lower costs. 4 As part of these efforts, the Consumer Financial Protection Bureau (CFPB) has ... Read More

The CFPB’s “Junk Fees” Initiative: Recent Developments and Trends

In January 2022, the Consumer Financial Protection Bureau (CFPB) announced an initiative to “Save Americans Billions in Junk Fees ... the bank to charge only break-even fees. Read More

CFPB Targets Global Money Transfers and “Junk Fees”

The Consumer Financial Protection Bureau (CFPB) is now targeting international money transfers and “junk fees” that may be ... Crowdfund Insider is the leading news website covering the ... Read More

Bank junk fees: Who gets hit and which institutions are the worst offenders?

Consumer complaints against big-bank junk fees are ... Overdraft fees. The head of the CFPB earlier this year called overdraft fees “a massive junk fee harvesting machine.” ... Read More

These 10 banks produce the most complaints about fees

At its peak, Mansfield said, “annual overdraft fee revenue alone was an estimated $12.6 billion.” The CFPB has proposed a rule to cap bank overdraft ... has been a consumer news reporter ... Read More

Bank junk fees: Who gets hit and which institutions are the worst offenders?

Consumer complaints against big-bank ... CFPB also tracks. It had the highest percentage of delayed responses to complaints – 7%. The average for all financial institutions is 2%. map showing ... Read More