CFPB Director on 'junk fee' ban: We don't want firms innovating on how they can cheat people

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Why is that lady pushing back on fraud/junk fees? Sounds like should couldn't care less about the consumer.

ryanthen
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I appreciate that they really pressed him on it. The junk fee war is a cover. Most fees have legitimate business purposes and are disclosed properly. If legit fees are done away with, you will pay somewhere else.

dmansfa
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Whenever a govt. hack uses words like billions and a lot of hyperbole without detailing a single specific instance and jumps from one example to another without completing the detail, you can be sure that this is 'added regulation' with no consumer benefit and a lot of Govt. marketing horse manure....lol....hahahaha 😂

unicorn