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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.

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.