Chester County News and Community Website
The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations …
Wells Fargo to Pay $3.7 Billion for Widespread Mismanagement of Auto Loans, Mortgages, and Deposit Accounts Read More
The Federal Trade Commission announced that it is exploring a rule to crack down on junk fees proliferating throughout the economy. Junk fees are unnecessary, unavoidable, or surprise charges that …
The Federal Trade Commission Is Cracking Down on Junk Fees Read More
HARRISBURG, PA — Attorney General Josh Shapiro, along with a multistate coalition of attorneys general, this week called on the CEOs of JPMorgan Chase, Bank of America, U.S. Bank, and …
AG Shapiro Calls for Consumer Banks to Eliminate Overdraft Fees Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently issued a report showing that credit card issuers charged $12 billion in late fees in 2020. Late fee penalties are …
Credit Card Companies Charged $12 Billion in Late Fee Penalties in 2020 Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) announced this week that it is taking action to halt prepaid card providers illegally siphoning money away from Americans through exclusive …
CFPB Takes Action to Halt Prepaid Card Providers Siphoning Government Benefits Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) this week launched an initiative to save households billions of dollars a year by reducing exploitative junk fees charged by banks …
Consumer Financial Protection Bureau Launches Initiative to Save Americans Billions in Junk Fees Read More WASHINGTON, D.C. — Banks continue to rely heavily on overdraft and non-sufficient funds (NSF) revenue, which reached an estimated $15.47 billion in 2019, according to research released today by the Consumer …
CFPB Research Shows Banks’ Deep Dependence on Overdraft Fees Read More
HARRISBURG, PA — Attorney General Josh Shapiro announced that his office this week reached a settlement with Marriott International, Inc. regarding the disclosure of “resort fees.”
AG Shapiro’s Action Requires Marriott to Disclose “Resort Fees” Read More
What may have started as a deal too good to pass up could end up costing you for months to come. Costly subscription services could be charging your debit or …
How to Avoid Unexpected Fees From Subscription or Recurring Services Read More