Source: Shutterstock.
In a five-page letter to the White House's Office of Information and Regulatory Affairs (OIRA), NAFCU, CUNA and three other organizations raised concerns that the CFPB's "Junk Fee Timing Study" is being used to collect data in its effort to restrict "junk fees." The study does not meet the public comment obligations under the Paperwork Reduction Act (PRA) and should not receive a general clearance, the group argued.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.