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Consumers Groups Call On the FTC to Regulate Junk Fees

March 23, 2023
Overdraft Loans
Comment Letter

In response to a Federal Trade Commission (FTC) notice that it intends to issue regulation, CRL joined a coalition of consumer groups in calling for FTC action to rein-in junk fees. Among other topics, this comment letter highlights a CRL report on installment loan companies that would tack on credit insurance and “automobile club memberships” – charges that meet multiple characteristics of junk fees, including that they’re often a surprise to the consumer and that their value to the consumer is limited or nonexistent. The letter was also signed by:

  • Accountable.US
  • American Economic Liberties Project
  • Americans for Financial Reform Education Fund
  • Center for Economic Integrity
  • Center for Elder Law & Justice
  • Community Service Society of New York
  • Consumer Action
  • Consumer Federation of America
  • Consumer Federation of California
  • Consumers for Auto Reliability and Safety
  • Consumer Reports
  • Delaware Community Reinvestment Action Council, Inc.
  • Economic Action Maryland
  • Fight Corporate Monopolies
  • Free Press
  • Indiana Community Action Poverty Institute
  • Legal Aid Justice Center
  • Legal Aid Service of Broward County
  • National Association for Latino Community Asset Builders
  • National Association of Consumer Advocates
  • National Community Reinvestment Coalition
  • National Consumers League
  • New Economy Project
  • New Jersey Citizen Action
  • New York StateWide Senior Action Council
  • Oregon Consumer Justice
  • The Pride Through Empowerment Foundation, Inc.
  • Prosperity Indiana
  • Public Good Law Center
  • Revolving Door Project
  • South Carolina Appleseed Legal Justice Center
  • Texas Appleseed
  • Travelers United
  • U.S. Public Interest Research Group
  • Virginia Organizing
  • 26
  • Voices Organized in Civic Engagement (VOICE)
  • WESPAC Foundation, Inc.
  • Westminster Economic Development Initiative (WEDI)
  • Woodstock Institute