The CFPB investigates increased "junk fees" in mortgage closing costs.
The Consumer Federal Protection Bureau (CFPB) has launched an inquiry into "junk fees" in mortgage closing costs, which have increased in recent years and can add thousands of dollars to home-buying expenses. These additional fees, involving services like home appraisal and title insurance, are under scrutiny as they often exceed the marginal cost of the services they cover. The CFPB is examining five specific types of charges in this context.
June 08, 2024
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