Alert
CFPB Supervisory Highlights Reflect Continued Emphasis on “Junk Fees”
April 25, 2024
Read Time: in minsIn the latest edition of its Supervisory Highlights, the CFPB targets so-called “junk fees” in the mortgage servicing industry. According to the CFPB, its examiners found that mortgage servicers continued to assess junk fees in a wide array of activities, including unnecessary property inspection fees and improper late fees.