The hidden cost of junk fees
There’s a growing concern that banks and other financial companies seem to be making these junk fees, like overdraft fees, part of their core business model.
Surprise depositor fees
Surprise depositor fees include the practice of indiscriminately charging fees to every person who deposits a check that bounces.
Surprise overdraft fees
Surprise overdraft fees, includes fees charged when consumers reasonably expected they had enough money in their account to cover a charge at the time the bank authorizes it.
Latest news
- CFPB Issues Guidance to Help Banks Avoid Charging Illegal Junk Fees on Deposit Accounts
- CFPB Report Finds High Fees Charged on Student Banking Products Endorsed by Colleges
- CFPB Moves to Reduce Junk Fees Charged by Debt Collectors
- CFPB Initiates Review of Credit Card Company Penalty Policies Costing Consumers $12 Billion Each Year
- View all press releases on junk fees