FTC Proposes Ban on ‘Junk Fees,’ Coupled with CFPB Action
The proposal is being coupled with the CFPB announcing that it will block large banks from charging “junk fees” to provide basic customer services.
FDIC: Multiple NSF Fees Could Be Illegal
Banks that charge multiple nonsufficient funds fees on a single item could be violating consumer laws, according to the FDIC.
Banking Regulators Take Stances on Unfair Discrimination
In the wake of the COVID-19 pandemic, consumer protection issues have risen as a key priority for federal banking regulators. And they’ve taken recent steps signaling a growing emphasis on addressing discrimination and abusive or deceptive practices.
A&E Real Estate Personalities Face Legal Scrutiny
Add a former get-rich-quick-with-real-estate pitchman on the A&E cable network to the laundry list of realty gurus who have found themselves in the crosshairs of the country’s top consumer watchdog agency.
