The Daily Money: Consumers hit with illegal junk fees, CFPB says

The violations reported by the Consumer Financial Protection Bureau include unfair overdraft fees on deposit accounts. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Thursday, March 9 Happy Thursday! We're over the hump, and the weekend is getting closer. It's Amanda Pérez Pintado with today's top Daily Money headlines.  Consumers have been hit with illegal junk fees in bank deposits and loan servicing markets, including in mortgage, student, and payday lending, the Consumer Financial Protection Bureau said Wednesday.  The violations include unfair overdraft fees on deposit accounts and improper or excessive late fees on mortgage payments, as well as student and auto loans. The companies typically agree to fix the problems, the agency said. CFPB opens investigations for potential enforcement actions when companies fail to take action and for more serious violations. Credit card debt is rising Many Americans are leaning on credit cards and falling behind on payments. During the pandemic, many Americans improved their credit score and paid off debt. But now, as they grapple with inflation and climbing interest rates, credit card debt is surging and fewer can pay it off. Click here to read more on how credit card debt got so high. 📰 More stories you shouldn't miss 📰 Servicing your car is more of a hassle than ever. A survey shows falling satisfaction. 'We're done': Why California Governor Gavin Newsom ordered the state to cut ties with Walgreens Ford's 'Men's Only Edition' Explorer: Ad highlights women's contributions to the auto industry. Which states did home prices go up (or down) in? Three Midwestern states make the top 5 list. Is Airbnb safe? Check for these four red flags to avoid scams as a guest on your next stay. Bundling your debt: Here are the best loans for consolidating debt. Lowering credit card payments: The best balance transfer cards.   🚨 Recall alert 🚨 Office chair recall: Retail company TJX is recalling 81,700 office chairs sold at Marshalls, T.J. Maxx, HomeGoods and Homesense stores nationwide after reports of the chair's back breaking and reports of injuries.   About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. Celebrate National Barbie Day: Photos show iconic doll's evolution National Barbie Day on March 9 celebrates the iconic toy that premiered in 1959 at the American International Toy Fair in New York. Not so happy International Women's Day: Men still make more money Raising your credit score by 20 points can reduce mortgage interest Taco Bell brings back Bacon Club Chalupa, Quesarito for limited time Tax season is upon us. Here's your guide to capital gains taxes. Credit card rates are rising, making it harder to get rid of debt Stole a car? Took a bribe? Make sure you report it to the IRS. Here's... Ford rolls out 'Men's Only Edition' Explorer ad on International... Satisfaction for car service fell for the first time in 28 years CFPB finds consumers hit with junk fees for bank accounts, auto...   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102