Late Fees: No Longer Junk, Back to Contractual Commitments
Back in the old days of 2023, regulators were calling late fees “junk.” We kept calling them “contractual commitments,” as ...
Tag: Junk Fees
Learn about junk fees and their effects on the payments and banking industry. Discover how these hidden costs impact consumers, the push for transparency, and regulatory efforts aimed at reducing unnecessary fees to improve fairness in financial services.
School Lunch Payment Processor Hit with Lawsuit over ‘Exorbitant’ Fees
We are starting to see the first fallout from the Consumer Financial Protection Bureau’s report this summer exploring the excessive ...
2023 Ends on a High Note for Credit Cards, but Expect High Risk in 2024
For credit card issuers, 2023 closes with strong portfolio performance. But the question now is whether 2024 will continue this ...
FTC Is Looking to Eliminate Junk Fees
Junk fees are costing consumers in the U.S. billions of dollars annually, and the Federal Trade Commission is looking to ...
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