From Bold Progressives <[email protected]>
Subject Bank of America charged $250 million for junk fees
Date July 11, 2023 8:22 PM
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In a new victory in our fight against junk fees, CNN reports that the
Consumer Financial Protection Bureau just ordered Bank of America to pay
more than $250 million for charging illegal junk fees and other practices
that harm consumers.

By repeatedly charging customers $35 insufficient funds fees for the same
transaction, Bank of America pocketed "tens of millions of dollars in
fees."

CFPB Director Rohit Chopra -- one of our top allies -- says, "These
practices are illegal and undermine customer trust. The CFPB will be
putting an end to these practices across the banking system."

While this victory is great news, there is much more to be done to end
junk fees. In multiple speeches, President Biden has pointed to bills that
have been introduced in both the House and Senate to fight junk fees. We
need to get those passed!

Can you join many others who are fighting for policies to end junk fees?

[ [link removed] ]We are recruiting an army of people willing to fight for policies that
end junk fees from hotels, airlines, banks and credit cards, ticket
sellers, funeral homes, car dealers, and more. Click here to share your
junk fees stories and FIGHT BACK.

On the page, you'll have the option to describe in detail how junk fees
have impacted you. We want to elevate these stories in the media and with
lawmakers. The more vivid, the more powerful, the better -- like these:

Catherine V. says, "Looking for a house or apartment I am charged $50.00
every time I apply. Many times unbeknownst to me the place was already
rented. I am low income and the $50.00 fee for every single application
makes me unable to keep applying."

R.Z. says, "For a visit to an ENT doctor, I was billed a 'building fee'
presumably for stepping into the building for my appointment."

Amy B. says, "I just bought tickets to see Aerosmith in November. It's my
first concert since my amputation & I had to buy wheelchair accessible
seats. When I went to check out, I had almost $100 in fees & taxes for 2
tickets!!!"

Gayle C. says, "I recently checked into a hotel. The upfront fee was about
$148 -- but after the 'junk' fees it was about $198. Isn't that called
bate & switch?"

Some actions require new laws, but two of our top allies have already
begun using existing power to fight junk fees -- Lina Khan, who chairs the
FTC, and Rohit Chopra, who chairs Elizabeth Warren’s Consumer Financial
Protection Bureau.

Biden put his muscle into this effort in his 2023 State Of The Union,
saying:

I know how unfair it feels when a company overcharges you and gets away
with it…

We’ll ban surprise "resort fees" that hotels tack on to your bill. These
fees can cost you up to $90 a night at hotels that aren’t even resorts.

We’ll make cable internet and cell phone companies stop charging you up to
$200 or more when you decide to switch to another provider.

We’ll cap service fees on tickets to concerts and sporting events and make
companies disclose all fees upfront.

And we’ll prohibit airlines from charging up to $50 round trip for
families just to sit together. Baggage fees are bad enough – they can’t
just treat your child like a piece of luggage.

Americans are tired of being played for suckers. Pass the Junk Fee
Prevention Act so companies stop ripping us off.

[ [link removed] ]Junk fees are a tax on you by greedy corporations, and we are
recruiting people to share their stories and fight back. Click here -- and
tell us how you have been personally impacted by junk fees.

And, [ [link removed] ]chip in to our fight against junk fees here.

Thanks for being a bold progressive.

-- The PCCC Team ([ [link removed] ]@BoldProgressive) 

 


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