Comments Due to NAFCU: CFPB - Fees Imposed by Providers of Consumer Financial Products or Services

Important Regulatory Dates Add to Calendar 2022-03-16 17:00:00 2022-03-16 17:00:00 Comments Due to NAFCU: CFPB - Fees Imposed by Providers of Consumer Financial Products or Services NAFCU would like to highlight the following: The CFPB is not initiating a rulemaking at this time, but responses to this RFI could prompt future rulemaking efforts related to fees. The CFPB is focusing on “junk fees” which may be hidden, back-end, or excessive fees charged for financial products and services. The CFPB is also concerned by nominal fees that are transparently disclosed to members if the fee shields the true cost of the product or service. Comments due to NAFCU: March 16, 2022 Comments due to CFPB: March 31, 2022 Comment now   NAFCU will send comments on behalf of its members to the CFPB by their deadline (March 31, 2022). Location NAFCU digital@nafcu.org America/New_York public

NAFCU would like to highlight the following:

  • The CFPB is not initiating a rulemaking at this time, but responses to this RFI could prompt future rulemaking efforts related to fees.
  • The CFPB is focusing on “junk fees” which may be hidden, back-end, or excessive fees charged for financial products and services. The CFPB is also concerned by nominal fees that are transparently disclosed to members if the fee shields the true cost of the product or service.

Comments due to NAFCU: March 16, 2022

Comments due to CFPB: March 31, 2022

Comment now  

NAFCU will send comments on behalf of its members to the CFPB by their deadline (March 31, 2022).