Potential Trump VP prospect Tim Scott defended predatory junk fees in a Senate hearing today, telling Consumer Financial Protection Bureau Director (CFPB) Rohit Chopra that “the Biden Administration has done a fabulous job of trying to highlight and market to the American people that these fees are unnecessary.”

Scott, who recently authored a bill to undo the CFPB’s credit card late fee rule, went on to claim "I'm not sure the average business person and/or consumer would see late fees, overdraft fees, and insufficient funds fees as junk fees."

The hearing was part of a coordinated attempt by Congressional Republicans to reverse a Biden Administration rule from the CFPB that caps credit card late fees at just $8. That CFPB rule is lowering costs for millions of families by more than $200 a year.

Sign the petition telling Republicans in Congress: Stop helping credit card companies pick the pockets of hard-working Americans with abusive fees. Click here.

We’re sharing the growing public response with members of Congress.

The comments from Sen. Scott came after Republican Rep. Andy Barr was heard in a viral video we posted in April saying that “the vast majority of Americans” support junk fees.

That video was seen by more than a million people and shared by former White House Press Secretary Jen Psaki, MSNBC host Chris Hayes, 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), Lori Trahan (MA), and more.

Republicans are smoking themselves out as supporters of high fees that abuse consumers. President Biden and Democrats are unified in fighting surprise junk fees on credit cards, food, flights, hotels, rent applications, concert tickets, utility bills, and more.

Sign the petition telling Republicans in Congress: Stop helping credit card companies pick the pockets of hard-working Americans with abusive fees. Click here.

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-- The PCCC Team

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