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That suggests borrowers spent roughly $24 billion on closing costs last year, based on the 4.2 million homes that were purchased and refinanced, according to Mortgage Bankers Association data.
Closing costs typically include origination fees, appraisal, credit report fees, title insurance, discount points, and other fees. “Costs for homeowners are driven up if companies in the ...
The rule is one of the final pieces of President Joe Biden's wide-ranging crackdown on junk fees that drive up consumer costs without providing visible benefits. ... a rule that would cap credit ...
NEW YORK (AP) — “Junk fees” are just what they sound like: hidden or misleading charges that increase the total cost of concert tickets, hotel rooms, utility bills and other goods and services.
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‘Charging hardworking Americans’: Biden's regulators just cut credit card late penalties from $32 to $8, calling them ‘junk fees’ — but critics say the rule will 'raise rates'.
The head of the CFPB earlier this year called overdraft fees "a massive junk fee harvesting machine." ... The agency has proposed closing the loopholes that allowed banks to feast on $30 to $35 ...
President Joe Biden on Wednesday unveiled new efforts to crack down on junk fees while announcing $2 billion in savings and $140 million in consumer refunds from previous crackdowns on junk fees ...