Paying Your Credit Card By Phone; What Are The Fees?
A compliance bulletin discussing fees charged to consumers to pay-by-phone (“Bulletin dated July 31, 2017”) was published by The Consumer Financial Protection Bureau (the “CFPB”), The CFPB stated that these fees may amount to unfair, deceptive or abusive acts or practices known as “UDAAP”. UDAAP practices are prohibited by federal law under 12 USC 5531 […]
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