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Consumer Financial Protection Bureau Warns Companies Against Tricking Consumers into Expensive Pay-By-Phone Fees

Consumer Financial Protection Bureau
Source: consumerfinance.gov

Bureau Concerned About Companies Misleading Consumers About Pay-By-Phone Fees, Keeping Them in the Dark About Much Cheaper Options

WASHINGTON, D.C. —(ENEWSPF)—July 31, 2017.  The Consumer Financial Protection Bureau (CFPB) today issued a bulletin warning companies about tricking consumers into expensive pay-by-phone fees. The Bureau is concerned about companies potentially misleading consumers about the purpose and amount of certain pay-by-phone fees or keeping them in the dark about much cheaper payment options. The bulletin also…

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