In early March, the Massachusetts Attorney General's Office finalized the commonwealth's regulations on unfair and deceptive fees, which it refers to in its press release as "junk fee" regulations, while simultaneously...more
4/8/2025
/ Advertising ,
Automotive Industry ,
Consumer Financial Products ,
Consumer Protection Laws ,
Disclosure Requirements ,
Federal Trade Commission (FTC) ,
Fees ,
Final Rules ,
Hidden Fees ,
Marketing ,
State Attorneys General ,
Truth in Lending Act (TILA) ,
User Fees
In early March, nearly a year and a half after it was initially proposed, the Massachusetts Attorney General's Office finalized the Commonwealth's "junk fee" regulation (the "Final Rule") while simultaneously issuing a...more
4/1/2025
/ Advertising ,
Banking Sector ,
Banks ,
Deposit Accounts ,
Disclosure Requirements ,
Fees ,
Final Rules ,
New Guidance ,
Regulation DD ,
State Attorneys General ,
Truth in Savings Act ,
Unfair or Deceptive Trade Practices
In this article, we share a timeline of our monthly "bites" for 2023 applicable to student lending along with some information related to financial products and services offered to students....more
1/26/2024
/ Annual Reports ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Debt Relief ,
Debt-Relief Industry ,
Enforcement Actions ,
Federal Student Loans ,
Fees ,
Payment Plans ,
Settlement ,
Standard Form Contracts ,
Student Loans ,
Terms and Conditions ,
Tuition
Massachusetts Attorney General Andrea Joy Campbell has issued a draft regulation aiming the commonwealth's deceptive trade practices statute at "junk fees" practices, automatic renewal / continuous service contracts, and...more
Over the past year, there have been numerous efforts by federal regulators - in particular the Consumer Financial Protection Bureau - to rein in "junk fees." The CFPB defines a "junk fee" to be an unnecessary and unavoidable...more
11/3/2023
/ Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Deposit Accounts ,
Excessive Fees ,
Fees ,
New Legislation ,
NYDFS ,
Overdraft Fees ,
Regulatory Oversight ,
User Fees
Growing up in New England we both heard that there were three things you should never discuss in public. Politics and religion were two. The third could differ....more
4/5/2023
/ Advisory Opinions ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Debt Collection ,
FDCPA ,
Federal Trade Commission (FTC) ,
Fees ,
Financial Services Industry ,
Policy Statement ,
Regulation F ,
Supervisory Guidance