Bank Fee Criticisms Ignore CARD ACT Protections
March 09, 2023
March 09, 2023
WASHINGTON, March 9 (TNSgov) -- The Bank Policy Institute posted the following news release on March 8, 2023:
The White House today released a document titled "Guide for States: Cracking Down on Junk Fees to Lower Costs for Consumers." It states that "junk fees" are "often not disclosed upfront and only revealed after a consumer has decided to buy something," and implies that credit card late fees fall into that category, which is a deeply flawed mischa . . .
The White House today released a document titled "Guide for States: Cracking Down on Junk Fees to Lower Costs for Consumers." It states that "junk fees" are "often not disclosed upfront and only revealed after a consumer has decided to buy something," and implies that credit card late fees fall into that category, which is a deeply flawed mischa . . .