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Junk Fees

Payroll

CFPB Proposes Interpretive Rule to Ensure Workers Know the Costs and Fees of Paycheck Advance Products

Fintech Finance

JULY 19, 2024

In recent years, workers have seen big increases in wages, but junk fees and high rates on financial products not only chip away at these gains – they take advantage of workers,” said Acting Secretary of Labor Julie Su. “As The CFPB is also analyzing options for workers to more easily access and permission their payroll data.

CFPB

CFPB Rules Product Consumer Financial Protection Bureau (CFPB)

Finding Hidden Gems in Your Merchant Processing Program

Evolve Payment

NOVEMBER 21, 2022

They streamline everything from manually keying in a credit card transaction to handling payroll and reconciliation. Many processors have purposely made it this way so they can hide fees (which we call ‘junk fees’) while reducing the number of questions coming in from their merchants.

Process

Process Processors Credit Cards PCI DSS

CFPB Proposes Interpretive Rule to Ensure Workers Know the Costs and Fees of Paycheck Advance Products

Finding Hidden Gems in Your Merchant Processing Program

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