Consumer watchdog signals broad crackdown on hidden fees for banks, credit cards

[gdale6]

• The Consumer Financial Protection Bureau issued a request for information on Wednesday asking consumers for input on hidden and excessive fees from a range of lenders.
• The agency wants to know about “junk” fees associated with consumers’ bank, credit union, prepaid or credit card account, mortgage, loan or payment transfers.
• The federal agency will use the information to target new rules, issue guidance to financial firms, and focus its supervisory and enforcement resources, it said.

https://www.cnbc.com/2022/01/26/cfpb-signals-crackdown-on-hidden-fees-for-banks-credit-cards.html

[pizza1]

Thanks for this!!

[Andypanda]

Hope this hits credit one and other fee harvester cards hard.