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The hidden cost of junk fees
There’s a growing concern that banks and other financial companies seem to be making these junk fees, like overdraft fees, part of their core business model.
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Surprise depositor fees
Surprise depositor fees include the practice of indiscriminately charging fees to every person who deposits a check that bounces.
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Surprise overdraft fees
Surprise overdraft fees, includes fees charged when consumers reasonably expected they had enough money in their account to cover a charge at the time the bank authorizes it.
Latest news
- CFPB Bans Excessive Credit Card Late Fees, Lowers Typical Fee from $32 to $8
- CFPB Proposes Rule to Close Bank Overdraft Loophole that Costs Americans Billions Each Year in Junk Fees
- CFPB Issues Guidance to Halt Large Banks from Charging Illegal Junk Fees for Basic Customer Service
- View all press releases on junk fees