In Defense of 'Junk Fees'

Ultimately, when regulators criticize fees they are simply replacing a business' judgment with their own.

By Henry Meier, Esq. | October 17, 2023 at 01:00 PM

Man using debit card hoping he has enough money

"Junk fees" are back in the news now that President Joe Biden, Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB), and Lena Khan, Chairwoman of the Federal Trade Commission (FTC), all spoke out against this modern-day plague last week that is impacting everything from Taylor Swift concerts to bank account record requests.

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Group: Let Credit Unions Reimburse Board Members for Childcare

By Jim DuPlessis | May 07, 2024

America's Credit Unions sends a four-page letter asking the NCUA board to reverse a rule set in 1992.

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CUs Designated as Public Depositories After Bill Signed by Florida Governor

By Michael Ogden | May 02, 2024

Officials call this a "transformative step" enabling credit unions to conduct new business in the state.

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Shared Accounts With CU Times: Questioning the Merger Approval Process

By Michael Ogden | April 26, 2024

Louisiana Corporate Credit Union CEO David Savoie shares why more transparency is needed in the months leading up to a credit union merger.

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