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CFPB requests public input on ‘junk fees’
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Banking, Consumer Protection, Dodd-Frank Basics, Nonbank Financial
Wednesday, January 26, 2022
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The Consumer Financial Protection Bureau is asking for public input on junk fees.
These are the fees some financial institutions charge on the backend of their products, such as hotels or concert halls having resort or service fees in addition to the cost of their reservations/tickets. The increasing use of these types of fees is costing households billions of dollars a year.
Read on for more details.
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