AARP Urges Consumer Protection Bureau to Examine “junk fees” across the consumer financial landscape; Act “decisively to reign in anti-consumer practices.”

On Monday, the AARP submitted a comprehensive comment letter responding to the Consumer Financial Protection Bureau’s Request for Information about “fees that are not subject to competitive processes that ensure fair pricing,” or “Junk fees.”  Among the areas that AARP asked the Bureau to examine are overdraft or “Non Sufficient Fund” fees, account maintenance fees, account inactivity fees, credit card late fees, and much more.  You can read AARP’s complete comment letter here.