CFPB:  No Law Permits Charging Convenience Fees For Online, Phone Payment

Mealey's (October 26, 2021, 1:53 PM EDT) -- SAN FRANCISCO — A federal district court erred in ruling that convenience fees charged to borrowers for paying their mortgage loan payments online or over the telephone were “permitted by law” because no such law has “expressly or affirmatively authorized such fees,” the Consumer Financial Protection Bureau (CFPB) argues in an amicus curiae brief filed Oct. 21 in the Ninth Circuit U.S. Court of Appeals in support of borrowers appealing the dismissal of their Fair Debt Collection Practices Act (FDCPA) in a consumer class action lawsuit....