excessive fee
[ɪk'sɛsɪv fi:]
noun phrasepl: excessive fees
taxa excessiva
1. A charge or payment that is unreasonably high or disproportionate to the service or product provided
The bank was fined for charging excessive fees on overdraft accounts.
O banco foi multado por cobrar taxas excessivas em contas com saldo devedor.
2. A cost that exceeds standard market rates or regulatory limits
Customers complained about the excessive fees added to their monthly bills.
Os clientes reclamaram das taxas excessivas adicionadas às suas contas mensais.
3. Legal term: charges deemed unfair or unconscionable in a contract or service agreement
The lawyer challenged the excessive fees in the contract as unfair.
O advogado contestou as taxas excessivas no contrato como injustas.
In Brazil, consumer protection against excessive fees is governed by the Consumer Protection Code (Código de Defesa do Consumidor). The term 'cobrança abusiva' is particularly important in Brazilian consumer law. In the USA, banking regulations like the Truth in Lending Act (TILA) and Dodd-Frank Act regulate excessive fees, especially in banking and financial services. This is a common complaint in both countries regarding banking, insurance, and professional services.
NYC Slang
ripoff fee, highway robbery charge, excessive vigorish
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