As previously reported, in January 2022 the CFPB published a “Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products or Services” with a comment deadline of March 31, 2022. The CFPB has now announced an extension of the deadline to April 11, 2022.
The CFPB stated that the “more than 25,000 comments we have received through mid-March show the high-level of public interest on this topic, and the number of people affected by exploitative junk fees. We are extending the deadline for the public to share input and stories on their experiences with exploitative junk fees.”
Ballard Spahr addressed the request for information in a February 17, 2022 webinar and also in a podcast.