"Junk fees" cost Americans billions of dollars.

[ [link removed] ]Watch this short video to learn more. Then, tell the Consumer Financial
Protection Bureau if you've been hit with big fees.

[ [link removed] ]Turn on images.

Ever get charged a ridiculously high "fee" from your bank or credit card
company? Ever think you are getting a good price for a hotel, flight, car
rental -- or even a concert -- only to find a huge surprise fee?

The Consumer Financial Protection Bureau -- led by Elizabeth Warren ally
Rohit Chopra -- is on the case and working to slash predatory "junk fees."

Chopra said, "The CFPB is now accepting comments about the billions of
dollars in junk fees that Americans pay on credit cards, bank accounts,
and loans. Your feedback will inform our use of rulemaking, guidance, and
enforcement tools to combat junk fees."

[ [link removed] ]Click here to submit a public comment to the CFPB if you have ever been
charged big or unexpected fees by banks, credit card companies, hotels, or
other corporations.

And encourage others to leave a comment on [ [link removed] ]Twitter or [ [link removed] ]Facebook.

With overdraft fees, a cup of coffee can go from $3 to $35! An
out-of-network ATM withdrawal can match a $20 withdrawal with a $20 fee.
Prepaid credit cards can cost as much in fees as the value on the card.

In 2019 alone, banks and credit card companies charged Americans almost
$30 billion in late-payment fees and overdraft charges.

"Junk fees" are predatory. They hurt consumers. They hit the most
vulnerable hardest. And they lead to spiraling debt.

Going after Big Bank abuse is a great example of why the PCCC
[ [link removed] ]recommended Rohit Chopra to the Biden Administration early on.

[ [link removed] ]Click here to submit a public comment to the CFPB if you have ever been
charged big or unexpected fees by banks, credit card companies, or other
corporations.

And encourage others to leave a comment on [ [link removed] ]Twitter or [ [link removed] ]Facebook.

Thanks for being a bold progressive.

-- Adam Green, PCCC co-founder ([ [link removed] ]@AdamGreen)

 

 

 


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