After proposing a new rule last week to close a junk fee loophole, the Consumer Financial Protection Bureau has proposed a new rule to stop junk fees at the time of payment.
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Overdraft Fees Still a Surprise to Many
Even in light of changing legislation and promises from banks to be more transparent on how and when overdraft fees occur, the CFPB has found that many Americans are still surprised by them.
Read More »CFPB Seeks Elimination of Fees
Bureau launches initiative to save Americans billions in “junk” fees charged by financial companies and banks.
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