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What's up
  • [ December 2, 2025 ] Bureau’s consumer advisory group to meet on fair lending/debanking CFPB
  • [ December 2, 2025 ] NCUA OIG report: 6 credit union failures cost NCUSIF $18.4 million; 2 due to fraud NCUA
  • [ December 1, 2025 ] Considering House report on crypto ‘debanking,’ agency vows to keep investigating big banks OCC
  • [ December 1, 2025 ] No changes for ‘26 assessment rates at OCC, continuing decrease made in fall OCC
  • [ December 1, 2025 ] Agencies, in effort to streamline call reports, look for sources of ‘reporting burden’ FDIC
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

  • Bureau’s consumer advisory group to meet on fair lending/debanking

    December 2, 2025 0
    The Dec. 10 afternoon meeting of the Consumer Financial Protection Bureau’s (CFPB) Consumer Advisory Board (CAB) will be preceded that morning with one addressing fair lending/debanking, according to a notice on the agency’s website. The CAB is scheduled to meet [...]
  • NCUA OIG report: 6 credit union failures cost NCUSIF $18.4 million; 2 due to fraud

    December 2, 2025 0
    Total losses to credit unions’ federal share insurance fund due to credit union failures amounted to about $18.4 million from April through September, according to a recent inspector general semiannual report supplied to Congress. The National Credit Union Administration (NCUA) [...]
  • No changes for ‘26 assessment rates at OCC, continuing decrease made in fall

    December 1, 2025 0
    No changes for assessment rates are on tap for 2026 by the national bank regulator, which will continue the reduced rate adopted in September, the agency said Monday. The Office of the Comptroller of the Currency (OCC) said the new [...]
  • Agencies, in effort to streamline call reports, look for sources of ‘reporting burden’

    December 1, 2025 0
    Sources of regulatory reporting burden for banks that file call reports are being sought by the federal banking agencies, they said in joint communications Monday, in an effort aimed at streamlining the quarterly reports. “This request for information (RFI) offers [...]
  • 8 banks ‘outstanding,’ 24 ‘satisfactory’ in OCC’s latest CRA ratings list

    December 1, 2025 0
    Eight banks deemed “outstanding” and 24 “satisfactory” for their performance under the anti-redlining Community Reinvestment Act (CRA) make up the list of institutions whose ratings became public in November, the Office of the Comptroller of the Currency (OCC) said Monday. [...]

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