Skip to Content

Biden regulators target transaction-declined fees, considered another type of bank ‘junk fee’

By KEN SWEET
AP Business Writer

NEW YORK (AP) — The Biden administration has proposed banning another type of bank “junk fee,” targeting fees that are typically charged by banks when a transaction is declined in real time. It’s the second major proposal by the Consumer Financial Protection Bureau over the types of fees that Americans sometimes run into when they bank. It follows the bureau’s announcement that it plans to reduce overdraft fees to as little as $3.

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content