Hidden Fees news and trends

FTC Sends $9.7M in Fee Refunds to LendingClub Customers
Legal // August 12, 2022

The Federal Trade Commission (FTC) is sending over $9.7 million in payments to 61,990 customers who the FTC said were charged hidden fees from LendingClub, an FTC press release said. The FTC sued LendingClub in 2018 over the allegations that the company falsely promised loan...

CFPB Rails Against Costly Pay-By-Phone Fees
Security & Fraud // August 01, 2017

The Consumer Financial Protection Bureau warned companies  Monday (July 31) about  tricking consumers into expensive pay-by-phone fees. In a press release the government watchdog said it is concerned about the potential for companies to mislead consumers about the purpose and amount of certain pay-by-phone fees...

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FTC Sends $9.7M in Fee Refunds to LendingClub Customers

August 12, 2022
The Federal Trade Commission (FTC) is sending over $9.7 million in payments to 61,990 customers who the FTC said were charged hidden fees from LendingClub, an FTC press release said. The FTC sued LendingClub in 2018 over the allegations that the company falsely promised loan applicants that they’d get a specific amount without hidden fees. […]

CFPB Rails Against Costly Pay-By-Phone Fees

August 01, 2017
The Consumer Financial Protection Bureau warned companies  Monday (July 31) about  tricking consumers into expensive pay-by-phone fees. In a press release the government watchdog said it is concerned about the...