The topic of “junk fees” has been in the headlines, spurred by legislative action across various sectors. From regulations on credit card late fees to the Federal TICKET Act targeting concert event fees, lawmakers are...more
1/6/2025
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Banking Sector ,
California ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
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Financial Services Industry ,
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Proposed Legislation ,
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State Legislatures
On November 7, 2024, the CFPB ordered one of the largest credit unions in the nation to pay over $95 million for its practices related to the imposition of overdraft fees. The enforcement action addresses practices from 2017...more