Consumer Junk Fees: Executive Action and Regulatory Developments | Practical Law

Consumer Junk Fees: Executive Action and Regulatory Developments | Practical Law

A Practice Note describing increasing scrutiny by the Biden Administration and federal regulators of "junk fees" charged to consumers. This Note includes an overview of actions to curb junk fees including fees added to consumer financial products and services for basic customer service, overdrafts, bounced checks, and late credit card payments. This Note recommends practices that financial services companies should consider to avoid junk fee scrutiny.

Consumer Junk Fees: Executive Action and Regulatory Developments

Practical Law Practice Note w-039-5279 (Approx. 10 pages)

Consumer Junk Fees: Executive Action and Regulatory Developments

by Practical Law Finance
MaintainedUSA (National/Federal)
A Practice Note describing increasing scrutiny by the Biden Administration and federal regulators of "junk fees" charged to consumers. This Note includes an overview of actions to curb junk fees including fees added to consumer financial products and services for basic customer service, overdrafts, bounced checks, and late credit card payments. This Note recommends practices that financial services companies should consider to avoid junk fee scrutiny.