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Expert Analysis

2 Rulings Serve As Conversion Fee Warnings For Banks

By Timothy Ofak, Brian Serafin and Greyson Brown ( July 18, 2024, 1:53 PM EDT) -- Private litigants, along with regulators like the Consumer Financial Protection Bureau, continue to target ancillary fees and charges in the financial services sector — often referred to disparagingly as "junk fees" — with a current area of focus being the currency conversion or foreign exchange rates applied to international payment transactions. . . .

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