Stax

DECEMBER 2, 2024

In parallel with growing market adoption of surcharging, more states have considered and enacted surcharging legislation, often with the stated goal of standardizing surcharging and ensuring consumer protection. In 2024 alone, more than a dozen state legislatures introduced bills related to surcharging and consumer fees generally.

Junk Fees

Cardfellow

JULY 26, 2025

The rule, sometimes referred to as the “Junk Fees Rule,” specifies that businesses in specific industries must clearly disclose the total price including all mandatory fees. What is the Rule on Unfair or Deceptive Fees? What is the Rule on Unfair or Deceptive Fees? It’s possible.

Junk Fees

Fintech Finance

JULY 19, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. Most fee revenue, 92.5%, was for expedited transfers.

CFPB

Innovative Payments Association

JANUARY 10, 2024

On October 31 , the Consumer Financial Protection Bureau published its proposed rule on open banking. The proposed rule would require banks, credit unions, and other financial services companies to share account and transaction data with consumers and authorized third parties. Comments were due by December 29, 2023.

Junk Fees

Tearsheet

MARCH 27, 2024

The ongoing tug-of-war in regulations has left some states at odds regarding the rules governing this still relatively new service in the US. The American Fintech Council and consumer advocates have opposed the recent regulatory changes, which have brought EWA operations to a standstill statewide.

Instant Payments

Global Fintech & Digital Assets

MARCH 8, 2024

The rule targets a statutory loophole that the CFPB asserts large credit card issuers exploited to exact excessive late fees from consumers. The Rule was initially proposed in February 2023 and was intended to go into effect in October 2023 (for more information on the proposal, see this Latham blog post ).

CFPB