GOP lawmakers push back on CFPB ‘junk fee’ review

By Katryna Perera (April 5, 2022, 6:47 p.m. EDT) — Republican members of the House Financial Services Committee are harshly critical of recent actions by the Consumer Financial Protection Bureau, saying the agency unfairly smeared bank fees and did not clarify the intention of a new initiative to reduce costs for bank customers.

Patrick McHenry, Blaine Luetkemeyer, Ann Wagner and 20 other Republican members of the House Financial Services Committee sent a letter to CFPB Director Rohit Chopra on March 30 asking for answers to more than a dozen questions about the CFPB’s Intent Regarding Banking Regulation, Enforcement and Other Efforts.

The letter is in response to the CFPB’s call from January to…

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