CFPB Issues Guidance to Prevent Large Banks from Charging “Illegal” Junk Fees for Basic Services
The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion regarding a provision enacted by Congress that generally prohibits large banks and credit unions from imposing unreasonable obstacles on customers, “such as charging excessive fees, for basic information about their own accounts.” Under a 2010… Read More
Read more in: Politics, Legal & Regulation | Tagged banking, cfpb, congress, consumer financial protection bureau, credit unions, rohit chopra, united states, us