Consumer News Cfpb Roots Out Illegal Bank Junk Fees

Mortgage Shopping? Watch Out for Junk Fees as CFPB Launches Review Into Bank, Lender and Fintech Practices

“Many financial institutions obscure the true price of their services by luring customers with enticing offers and then charging excessive junk fees,” said CFPB Director Rohit Chopra. “By promoting ... Read More

Trump’s CFPB scraps nearly 2 dozen orders on redlining, illegal fees

(NewsNation) — The Consumer Financial Protection Bureau under President Donald Trump has dropped nearly two dozen consent orders that regulated banks and lenders accused of violations such as ... Read More

Despite crackdown on junk fees, this banking surcharge just hit a record high

So-called junk fees can be tricky. Stream Los Angeles News for free, 24/7, wherever you are. The Consumer Financial Protection Bureau has been scrutinizing some banking fees, including those for ... Read More

CFPB announces rule limiting bank overdraft fees; trade group sues in response

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

Bank of America to pay $250 million for illegal fees, fake accounts

With our free press under threat and federal funding for public media gone, your support matters more than ever. Help keep the LAist newsroom strong, become a monthly member or increase your support ... Read More

Russell Vought says he will shut down CFPB

White House Budget Director Russell Vought announced plans to close the Consumer Financial Protection Bureau within 2-3 months, contradicting the administration's legal stance. However, Vought may not ... Read More