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Under the Hood: CFPB’s ‘junk fee’ probe lacks transparency

Junk fees have been on regulators’ radar for more than a year

Marcie Belles

The Consumer Financial Protection Bureau has stepped up scrutiny of auto loan servicers’ fees for late payments, repossessions and payment processing in an effort to bolster industry transparency. Yet the findings in the agency’s newly released report on the subject are generalized and vague. Earlier this month, the CFPB published the winter edition of its […]

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