Fees Archives - Page 2 of 2

March 28, 2024 by Sam Bragg in CFPB

CFPB and FTC Amicus Brief Signals Stance on “Pay-to-Pay” Fees Under FDCPA

On February 27, the Consumer Finance Protection Bureau (CFPB) and the Federal Trade Commission (FTC) filed an amicus brief in the 11th Circuit case Glover and Booze v. Ocwen Loan Servicing, LLC...

March 11, 2024 by Stefanie H Jackman in CFPB

The War on Fees Intensifies: Presidential Strike Force and Industry’s Legal Counterattack

As discussed here, on March 5, 2024 the Consumer Financial Protection Bureau (CFPB or Bureau) finalized its credit card late fee rule (Final Rule). The Final Rule sets a safe...

Blank numbered list with Rules at header written on chalkboard.

Krasimira Nevenova / AdobeStock

March 5, 2024 by Missy Meggison in CFPB

CFPB Releases Final Credit Card Late Fee Rule; Slashes Fees to $8

Early this morning, and just in time for Thursday's State of the Union Address, the Consumer Financial Protection Bureau (CFPB) issued a press release announcing its much-anticipated Credit Card Late...

Atoss / AdobeStock

October 17, 2023 by Ethan Ostroff in CFPB

October 11 Was a Red-Letter Day in the Growing Federal-State War on Fees

On October 11, the Consumer Financial Protection Bureau (CFPB or Bureau) published a special edition of its Supervisory Highlights report. This report serves as a “victory lap” for the Bureau,...

Atoss / Adobestock

June 7, 2023 by John L. Culhane, Jr. in CFPB

CFPB Report Shows Nearly 50% Decline in Overdraft/NSF Fee Revenues From Pre-Pandemic Levels

The CFPB has issued a data spotlight that shows bank overdraft/non-sufficient funds (NSF) fee revenues have declined significantly from their pre-pandemic levels. The report states:Overdraft/NSF revenue for the fourth quarter of...

Atoss / Adobestock

March 22, 2023 by John L. Culhane, Jr. in CFPB

CFPB Supervisory Highlights Special Edition Looks at “Junk Fees” Charged in Connection With Deposits, Auto Servicing, Mortgage Servicing, Payday and Small-Dollar Lending, and Student Loan Servicing

Continuing its (and the White House’s) “junk fees” rhetoric, on March 8, 2023, the CFPB released a new issue of Supervisory Highlights that carries the title “Junk Fees Special Edition.” ...

March 20, 2023 by Ethan Ostroff in CFPB

House Republicans Consider Proposals to Reform CFPB; Criticize Agency’s War on Fees

On March 9, the U.S. House Financial Institutions and Monetary Policy Subcommittee held a hearing entitled “Consumer Financial Protection Bureau [CFPB]: Ripe for Reform.” The memorandum released in advance stated the...

sveta / Adobestock

February 28, 2023 by Rob Kennedy in Collection Technology

How A Compliant No-Cost-To-Biller Fee Model Can Help Your Business. [Sponsored]

In collections, the biggest challenge is getting in contact with account holders and setting up a payment agreement to resolve outstanding debt, especially with consumers who have a low propensity...

Atoss / Adobestock

February 6, 2023 by John L. Culhane, Jr. in CFPB

CFPB Proposes Significant Changes to Credit Card Late Fee Rules, Including Reduction in Late Fee Safe Harbor Amounts and Elimination of Annual Inflation Adjustments

We suspected something was afoot when December 2022 came and went without the CFPB announcing its annual inflation adjustments to the credit card late fee safe harbor amounts set forth...

Fees

CFPB and FTC Amicus Brief Signals Stance on “Pay-to-Pay” Fees Under FDCPA

The War on Fees Intensifies: Presidential Strike Force and Industry’s Legal Counterattack

CFPB Releases Final Credit Card Late Fee Rule; Slashes Fees to $8

October 11 Was a Red-Letter Day in the Growing Federal-State War on Fees

CFPB Report Shows Nearly 50% Decline in Overdraft/NSF Fee Revenues From Pre-Pandemic Levels

CFPB Supervisory Highlights Special Edition Looks at “Junk Fees” Charged in Connection With Deposits, Auto Servicing, Mortgage Servicing, Payday and Small-Dollar Lending, and Student Loan Servicing

House Republicans Consider Proposals to Reform CFPB; Criticize Agency’s War on Fees

How A Compliant No-Cost-To-Biller Fee Model Can Help Your Business. [Sponsored]

CFPB Proposes Significant Changes to Credit Card Late Fee Rules, Including Reduction in Late Fee Safe Harbor Amounts and Elimination of Annual Inflation Adjustments

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