Junk fees

The CFPB launched an initiative to save households billions of dollars a year by reducing exploitative junk fees charged by banks and financial companies.

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.

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Surprise depositor fees

Surprise depositor fees include the practice of indiscriminately charging fees to every person who deposits a check that bounces.

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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.