CFPB's Junk Fees Guidance is 'Legally Non-binding' Says NAFCU's Berger

Dan Berger

"Credit unions always put their members first, not their bottom lines, and follow the law by clearly disclosing their fees for products and services to consumers. The CFPB should not rely on scare tactics and legally non-binding guidance to delineate the bounds of its regulatory and supervisory authority. NAFCU supports greater transparency and accountability for the CFPB, especially in following the congressionally mandated notice-and-comment rule-making process."
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​- NAFCU President and CEO Dan Berger

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