CFPB zeros in on ‘junk’ fees

Auto lenders should review fees from UDAAP perspective

© Can Stock Photo / sparkia

Auto lenders should take a close look at how they assess payment-related fees amid a recent Consumer Financial Protection Bureau (CFPB) request for information. The CFPB on Jan. 26 issued a request for public input on fees associated with their bank, credit union, loan, mortgage, prepaid or credit card account or payment transfers. These “junk […]

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