'CFPB Launches Inquiry into Junk Fees in Mortgage Closing Costs' - CFPB
Portfolio Pulse from Benzinga Newsdesk
The Consumer Financial Protection Bureau (CFPB) has launched an inquiry into junk fees associated with mortgage closing costs. This move aims to address and potentially regulate hidden fees that consumers face during the mortgage process.
May 30, 2024 | 2:06 pm
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The CFPB's inquiry into junk fees in mortgage closing costs could lead to increased regulation in the financial sector, potentially impacting the broader market.
Increased regulation in the financial sector could lead to higher compliance costs and operational changes for companies within the SPY ETF, potentially affecting their profitability and stock prices.
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