UnidosUS Comment on the Consumer Financial Protection Bureau’s Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products or Services (or Junk Fees)

Letter

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Hidden Junk Fees

In response to a Request for Information from the Consumer Financial Protection Bureau regarding fees imposed by providers of consumer financial products or services (or junk fees), UnidosUS submitted a letter which highlights fees that are commonly imposed across a range of financial products and transactions, focusing on fees associated with deposit accounts, credit cards, and small-dollar loans, which are areas of particular concern for low-income people and Latinos.

unidosus_junkfeescommentcfpb_41122.pdf

Further reading

Latino Working Class: America’s Economic Engine

Topic Brief

Latinos remain essential to the success of the U.S. economy and the future of America’s working class — teachers, firefighters, retail and hospitality workers, and health care workers. Yet though they provide essential […]

Comment Letter in Response to Consumer Financial Protection Bureau’s Advanced Notice of Proposed Rulemaking Defining Larger Participants in the Automobile Financing, Consumer Reporting, Consumer Debt Collection, and International Money Transfer markets

Regulatory Comment

UnidosUS is urging the Consumer Financial Protection Bureau (CFPB) not to roll back oversight of key financial industries like auto loans, credit reporting, debt collection, and international money transfers. The Bureau’s proposal would […]

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