junk fees

Biden Administration Proposes Rules Targeting ‘Junk Fees’ in Health Insurance
Biden Administration Proposes Rules Targeting ‘Junk Fees’ in Health Insurance
July 07, 2023  |  Regulation

The President Joe Biden administration has proposed restrictions on “junk insurance” plans that don’t meet the standards of the Affordable Care Act. These short-term plans have taken advantage...

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FTC Highlights Enforcement Actions Related to Financial Abuses
FTC Highlights Enforcement Actions Related to Financial Abuses
June 07, 2023  |  Regulation

The Federal Trade Commission (FTC) undertook enforcement actions around automobile purchasing and financing, payday lending, and credit repair and debt relief in 2022. The agency highlighted...

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CFPB Advisor Says Many States’ Laws Already Prohibit ‘Junk Fees’
CFPB Advisor Says Many States’ Laws Already Prohibit ‘Junk Fees’
April 13, 2023  |  CFPB

Many states can use existing laws to fight “junk fees,” according to a federal regulator. Addressing a Pennsylvania house committee, Brian Shearer, senior advisor to...

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CFPB Unearths Junk Fees in Mortgages and Auto Loans
CFPB Unearths Junk Fees in Mortgages and Auto Loans
March 08, 2023  |  CFPB

America’s consumer protection watchdog says an examination has uncovered illegal fees in several industries. The Consumer Financial Protection Bureau (CFPB) announced Wednesday (March 8) that...

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White House Enlists States in Anti-Junk Fee Crusade
White House Enlists States in Anti-Junk Fee Crusade
March 08, 2023  |  Consumer Payments

The President Joe Biden administration is taking its campaign against junk fees to the state level. The White House is scheduled to hold a conference...

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CFPB: Colleges Need to Protect Students From ‘Junk Fees’
CFPB: Colleges Need to Protect Students From ‘Junk Fees’
October 13, 2022  |  CFPB

America’s colleges have more work to do when it comes to protecting students from so-called “junk fees,” the Consumer Financial Protection Bureau (CFPB) said Thursday...

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White House Declares War on Junk Fees, Surcharges
White House Declares War on Junk Fees, Surcharges
September 27, 2022  |  Consumer Payments

As a way to tackle inflation and give households financial breathing room, the President Joe Biden administration is taking action against junk fees — hidden...

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CFPB Extends ‘Junk Fees’ Deadline After Receiving 25,000 Comments
CFPB Extends ‘Junk Fees’ Deadline After Receiving 25,000 Comments
March 28, 2022  |  Regulation

The Consumer Financial Protection Bureau (CFPB) is extending its deadline to submit comments on its public consultation on “junk fees” until April 11. The CFPB...

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