• CFPB Extends Opportunity for Public to Provide Input on Junk Fees [tele

    From Bill Horne@21:1/5 to All on Wed Apr 6 15:17:02 2022
    We have received a tremendous amount of feedback from our Request for Information on exploitive junk fees. The more than 25,000 comments we
    have received through mid-March show the high-level of public interest
    on this topic, and the number of people affected by exploitative junk
    fees. We are extending the deadline for the public to share input and
    stories on their experiences with exploitative junk fees through
    April 11, 2022.

    In January, we launched an initiative to save American families
    billions of dollars in junk or back-end fees. These fees impede
    competition by making it difficult for families to shop around based
    on the actual cost of a product or service.

    We want to hear from stakeholders - including consumers and small
    business owners - from across the financial marketplace about their
    experiences with fees associated with financial products and services, including:

    * Fees for things people believed were covered by the baseline price of a product or service

    * Unexpected fees for a product or service

    * Fees that seemed too high for the purported service

    * Fees where it was unclear why they were charged

    https://www.consumerfinance.gov/about-us/blog/cfpb-extends-opportunity-for-public-to-provide-input-on-junk-fees/

    --
    (Please remove QRM from my email address to write to me directly)

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