Senators spar over whether CFPB has the power to root out junk fees

Senators spar over whether CFPB has the power to root out junk fees

WASHINGTON — Members of the Senate Banking Committee jostled Wednesday over whether the leading U.S. consumer protection agency has the power to curb so-called junk fees that affect millions of consumers every year. Republican lawmakers have accused the Consumer Financial Protection Bureau of operating outside of its jurisdiction by enforcing…Read More

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