Written testimony submitted to the Senate Subcommittee on Consumer Protection, Product Safety and Data Security focused on “junk fees.”
The testimony explains how these fees adversely impact working class consumers and Latinos and explores innovations that some financial institutions are adopting to reduce fees and offer flexible and affordable small-dollar loans.
UnidosUS comments in support of the CFPB’s proposal to lower overdraft fees which would save working-class and Latino consumers billions of dollars.
This is our written testimony submitted to the Subcommittee on Financial Institutions and Monetary Policy on March 7, 2024.
UnidosUS welcomes the Treasury’s RFI on Financial Inclusion as a critical step to advance financial inclusion in our country.
UnidosUS submits comments in response to the CFPB’s notice of proposed rulemaking on personal financial data rights in Section 1033.
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