In recent months, President Biden has been vocal about denouncing “junk fees,” a topic he raised during his State of the Union speech. The Mortgage Bankers Association (MBA) CEO Broeksmit has now challenged the Consumer Financial Protection Bureau’s (CFPB) claims regarding these fees, sparking a debate within the industry.

Key points:
– President Biden has been actively speaking out against “junk fees”
– The topic was highlighted during his State of the Union speech
– MBA CEO Broeksmit has challenged the CFPB’s claims on these fees
– The industry is now engaged in a discussion regarding the validity of these fees.

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