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What's up
  • [ November 19, 2025 ] White House offers OMB staffer, with focus on environment, to become consumer bureau director CFPB
  • [ November 19, 2025 ] Regulator takes control of small PA credit union, citing unsafe, unsound practices NCUA
  • [ November 18, 2025 ] Fed’s Barr warns of ‘real dangers’ from weakened bank supervision The Fed
  • [ November 18, 2025 ] New ‘sharpened’ focus for Fed examiners released, signifying ‘a significant shift’ from past practices The Fed
  • [ November 18, 2025 ] Bank may pay ‘gas fees’ on blockchain networks, agency confirms in letter OCC
Homejunk fees

junk fees

CFPB

Charging $10 million in illegal deposit junk fees charged to drivers, CFPB sues WalMart, fintech

December 23, 2024 0

One of the nation’s largest retailers and a financial technology (fintech) firm were sued Monday for alleged illegal opening of accounts for delivery drivers and the two harvesting more than $10 million in “junk fees,” […]

CFPB

Bureau: Study finds complex pricing schemes through ‘junk fees’ lead to consumers paying up to 60% more

April 30, 2024 0

Consumers tend to pay more for products – up to 60% more – when prices are separated into multiple fees through more complex, difficult to understand pricing structures, according to a study released Tuesday by […]

CFPB

Bureau asserts scrutiny of mortgage servicing fees having impact; declines in overdraft, NSF fees leveling off

April 24, 2024 0

More than $120 million in junk fee refunds since August from bank account deposits has resulted in the federal consumer financial protection agency’s supervision work on the charges, the agency said in a release Wednesday. […]

CFPB

Bureau circular reminds: remittances based on false advertising of “no fee,” “free” services violate federal law

March 27, 2024 0

Remittance transfer providers that issue false advertising about the cost or speed of sending a remittance transfer can violate federal law, the federal consumer financial protection agency reminded in a circular issued Wednesday. The Consumer […]

CFPB

In ‘proactive step,’ bureau proposes rule to ban rare fees at swipe, tap or click for non-sufficient funds

January 24, 2024 0

Prohibiting non-sufficient funds fees on transactions declined at the same time a user swipes, taps or clicks debit or ATM cards is the aim of a “proactive” new rule proposed Wednesday by the federal consumer […]

CFPB

Illegal junk fees the focus of CFPB’s Supervisory Highlights ‘special edition’

March 8, 2023 0

The consumer financial protection agency on Wednesday suggested its work focusing on surprise overdraft fees has led to “at least 20” of the largest banks in the country to no longer charge such fees and […]

No Picture
CFPB

Opinion takes aim at certain ‘pay-to-pay’ fees by debt collectors in overall campaign against ‘junk fees’

June 29, 2022 0

Reducing so-called “junk fees” – specifically “pay to pay” charges by debt collectors – is the aim of an advisory opinion issued by the federal consumer financial protection agency, it said Wednesday. According to the […]

No Picture
CFPB

Bureau extends junk-fee RFI comment deadline to April 11

March 25, 2022 0

Having received more than 25,00 comments since it issued its request for information (RFI) on exploitative “junk” fees in January, the Consumer Financial Protection Bureau (CFPB) on Friday said it has extended its comment deadline […]

CFPB

Bureau unveils initiative to reduce ‘junk fees’ charged by banks, financials; aims to strengthen competition

January 26, 2022 0

Reduction of “junk fees” charged by banks and financial companies is the aim of an initiative announced Wednesday by the consumer financial protection agency. The aim, according to Consumer Financial Protection Bureau (CFPB) Director Rohit […]

Today

  • White House offers OMB staffer, with focus on environment, to become consumer bureau director

    November 19, 2025 0
    The next leader for the federal consumer financial protection agency would be a staff member of the White House budget office – who has focused on environmental issues — if the Senate confirms the nomination, which it received Tuesday. According [...]
  • Regulator takes control of small PA credit union, citing unsafe, unsound practices

    November 19, 2025 0
    A small Pennsylvania credit union was placed into conservatorship by its federal regulator late Tuesday, which cited “unsafe and unsound practices,” the agency said. Copper & Glass Federal Credit Union in Glassport, Pa. – which has 1,255 members and assets [...]
  • Fed’s Barr warns of ‘real dangers’ from weakened bank supervision

    November 18, 2025 0
    Growing pressures to weaken bank supervision – to scale back bank examiner coverage, dilute ratings systems, and redefine “unsafe and unsound” – present “real dangers” to the American people, Federal Reserve Board Gov. Michael Barr said Tuesday. Speaking in Washington [...]
  • New ‘sharpened’ focus for Fed examiners released, signifying ‘a significant shift’ from past practices

    November 18, 2025 0
    Examiners will focus on material financial risks threatening safety and soundness of the banks they review and on taking “timely, proportionate action” to ensure the risks are “properly addressed,” the Federal Reserve said Tuesday in releasing its revamped supervisory operating [...]
  • Bank may pay ‘gas fees’ on blockchain networks, agency confirms in letter

    November 18, 2025 0
    So-called “gas fees” – or network fees – may be paid on blockchain networks, the national bank regulator said Tuesday in an interpretive letter, to facilitate “otherwise permissible activities.” The Office of the Comptroller of the Currency (OCC) said national [...]

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