Hi,
Republicans actually voted FOR increasing credit card fees.^1 GOP Chairman
of the House Financial Services Committee, Rep. Andy Barr, even tried to
convince the public that Americans like higher credit card fees.^2
The Biden administration recently instituted a rule to place a limit on
how much banks can charge consumers in credit card fees. This will make
sure more money stays in the pockets of working Americans and out of the
pockets of bank executives. But the GOP is trying to undo Biden’s fee cap.
[ [link removed] ]Sign the petition: Urge Congress to block the GOP’s attempted repeal of
President Biden’s cap on credit card fees!
ADD YOUR NAME
The Biden administration’s rule to cap credit card fees is a check on the
greed of big corporate banks and their CEOs. It’s also an effort to get
rid of junk fees — excessive, unnecessary fees that deceive consumers to
the benefit of credit card companies, hotel chains, airlines,
Ticketmaster, and other big corporations.
President Biden is going up against Wall Street to end unfair fees, while
the GOP is doing what their big corporate donors want.
Republicans are very clearly trying to pass legislation that benefits
corporations like Citi, Bank of America, and Capital One rather than the
average American. The GOP is trying to make people hand more money over to
big banks, and we’ve gotta stop this.
[ [link removed] ]Add your name: Support Biden’s fee cap against GOP repeal votes!
Thanks for taking action,
Joey and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. Bloomberg Law, “CFPB Credit Card Late Fee Rule Repeal Approved by
House Panel,” [ [link removed] ]April 17, 2024.
2. More Perfect Union on Twitter, “House Republicans have voted against a
Biden admin rule capping credit card fees...” [ [link removed] ]April 18, 2024.
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