Moments ago, House Republicans voted for the first time ever FOR higher surprise credit card junk fees – an issue we’ve helped President Biden and Democrats push to the center of the 2024 conversation.
One of Trump’s potential VP picks, Sen. Tim Scott, is leading a similar effort in the Senate. Specifically, Republicans are trying to overturn a Biden Administration rule from the Consumer Financial Protection Bureau (CFPB) that would cap credit card late fees at just $8.
In a committee hearing, the Republican congressman leading the charge said: "The vast majority of Americans agree that [junk fees] are legitimate. They don't think they're junk." In fact, polls show 9 in 10 voters oppose these abusive fees.
Will you help Democrats fight back?
We’re sharing the growing public response with members of Congress. Our campaign has been elevated by Majority Leader Chuck Schumer (NY), Senators Elizabeth Warren (MA), Tina Smith (MN), Sheldon Whitehouse (RI), Chris Van Hollen (MD), and Jeff Merkley (OR), and Representatives Mark Pocan (MN), Ilhan Omar (MN), Ro Khanna (CA), Dan Goldman (NY), Grace Meng (NY), and Lori Trahan (MA).
P Street, our lobbying arm on Capitol Hill, just sent a letter to members of Congress opposing this Republican attempt to put HIGHER credit card fees on Americans. It’s signed by 90 national, state, and local public interest groups including the National Consumer Law Center, Consumer Reports, Americans For Financial Reform, Public Citizen, and the NAACP in Sen. Tim Scott's home state of South Carolina.
The American Prospect quotes our Progressive Change co-founder saying why this matters:
In politics, an argument typically needs two sides for it to be elevated in the national conversation. "We’ve seen Democratic unity on fighting surprise junk fees and naming corporate villains like credit card companies, banks, and airlines," said Adam Green, co-founder of the Progressive Change Institute, which worked with the Biden administration last year to arrange local events on junk fees in places like Michigan and Pennsylvania. "What’s been missing is opponents smoking themselves out and raising the volume of this fight so the public knows who is on their side."...
So here we have a potential VP pick and the financial industry teaming up to support junk fees. Every Republican, including those in swing districts, will now have to decide whether they support higher costs on Americans, which will be redistributed to the banks and the card companies.
Thanks for being a bold progressive.
-- The PCCC Team
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