2023 Tax Calendar
VIEWpoint Issue 2 | 2022
Inflation Reduction Act: Highlights of Key Changes for You and Yo...
The 2022 Gift Tax Return Deadline Is Coming Up Soon
HUD Strengthens the Effects Test
President Biden’s Proposed Budget Includes Notable Tax Provis...
On Oct. 26, 2022, the Consumer Financial Protection Bureau (CFPB) issued guidance effectively banning two practices it deems “junk fees”.
According to the CFPB, both of these practices likely constitute an unfair practice consumers cannot reasonably avoid. The CFPB explains both practices and how to avoid them in the Consumer Financial Protection Circular on surprise overdraft fees and the CFPB’s compliance bulletin on surprise depositor fees.
Should you have questions about how your regulatory compliance program is impacted by junk fees, contact Doeren Mayhew’s regulatory compliance specialists today.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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