CFPB Seeking Comments on 'Junk Fees' by March 31

The Consumer Financial Protection Bureau (CFPB) is seeking comments from the public on what the CFPB is calling “junk fees” by March 31.

The CFPB has published a “Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products or Services.”  

The CFPB’s press release about the RFI frames it as “an initiative to save households billions of dollars a year by reducing exploitative junk fees charged by banks and financial companies” and “a chance for the public to share input that will help shape the agency’s rulemaking and guidance agenda, as well as its enforcement priorities in the coming months and years.”