ICBA signs joint letter asking CFPB to stop calling legitimate mortgage costs “junk fees”

ICBA signed on to a joint trades letter to the Consumer Financial Protection Bureau regarding its RFI on fees charged by providers of mortgages and related settlement services. ICBA and the other groups are strongly concerned about the Bureau's mischaracterization of certain mortgage fees as "junk fees," emphasizing that they are necessary, fully disclosed, and completely transparent.