52 Advocacy Groups Endorse FTC’s Ban on Junk Fees
A broad coalition of consumer advocacy groups support the proposal to ban hidden and misleading fees across the economy.
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A broad coalition of consumer advocacy groups support the proposal to ban hidden and misleading fees across the economy.
Read More about 52 Advocacy Groups Endorse FTC’s Ban on Junk Fees
Advocates praise CFPB proposed rule to stop banks from extracting tens of billions of dollars from financially insecure account holders in the form of overdraft fees.
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The Biden administration has proposed a new rule that would curb overdraft fees incurred when consumers withdraw more than the available funds in their bank account. Originally appearing in Vox on Jan. 17, 2024, Nicole Narea turns to NCLC Associate Director Lauren Saunders to help explain the rule. “These fees push people out of bank accounts and deprive them of access…
Read More about Vox: The Biden administration’s plan to slash bank overdraft fees, explained
The Biden-Harris administration announced new efforts to crack down on junk fees, including a FTC proposal on junk fees.
Read More about White House Takes Aim at Junk Fees in Rental Housing, Banking, and More
On Feb. 27, 2023, Carla Sanchez-Adams discusses a recent report on the high cost of junk fees and what can be done to stop them from taking more money out of consumers’ pockets.
Read More about Arizona's Family On Your Side Podcast: Carla Sanchez-Adams Talks About 'Junk' Fees
Leading consumer advocacy organizations submitted an extensive comment letter detailing junk fees across a wide range of consumer financial products and services.
Read More about Consumer Advocates Urge CFPB to Protect Consumers From “Junk Fees”