Report highlights steep cash-back fees at dollar stores and other retailers [Video]

Cash-back fees at popular dollar stores are costing Americans millions according to a consumer report.

The Consumer Financial Protection Bureau said three retail companies: Dollar General, Dollar Tree, and Kroger, are charging these fees — the report found that other retailers examined in the report are not.

The brands which charge the fees also operate other brands including Family Dollar, Harris Teeter, Ralph’s, and others.

Dr. Rigoberto A. Lopez is an economics professor at the University of Connecticut who says these practices tend to affect lower income communities disproportionately because many dollar stores tend to be located in these communities.

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Lopez calls it a predatory practice because he says many of these communities where dollar stores are located tend not to have easy access to banks or other options for withdrawing a consumer’s cash.

“The poor are paying more for their own cash,” …