While The Fate Of The CFPB Is In Limbo, The Agency Is Cracking Down On Junk Fees
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The Burden of Late Fees
This chapter explores the unfair impact of late fees and overdraft charges on low-income individuals, emphasizing the struggles they face due to entrenched banking practices. It also examines the legislative efforts to regulate these fees and the ongoing exploitation by financial institutions, highlighting the disproportionate nature of the penalties compared to the actual costs incurred.
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