What You Need to Know About the CFPB’s Campaign Against Junk Fees
Global Financial Markets Podcast by Mayer Brown
English - March 25, 2024 15:41 - 20 minutes - 23.9 MB - ★★★★★ - 3 ratingsBusiness News Business News mayer brown finance banking legal Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: What to Expect in Banking in 2024
The CFPB has launched an aggressive campaign against so-called “junk fees.” This year the CFPB has released proposed rules targeting overdraft and non-sufficient funds fees and a final rule targeting credit card late fees. Along the same lines, two of the three latest editions of the Bureau’s Supervisory Highlights were marketed as special editions focused on junk fees. In this episode of our Global Financial Markets Podcast, Frank Doorley and Christa Bieker discuss what you need to know about the CFPB’s focus on fees that it asserts are hidden from the competitive process.