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 (CFPB) -- led by Elizabeth Warren ally Rohit Chopra -- is working to slash predatory "junk fees", and they are asking people to tell them about their experiences with big or hidden fees.

A new video by our friends at More Perfect Union features two of the hundreds of junk fee experiences PCCC members have already sent to the CFPB.

Watch the video here. Then, 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 on Twitter or Facebook to tell the CFPB about their experiences with junk fees.

Junk fees include ridiculously high late payment penalties, overdraft fees, fees for making returns, fees for using an out-of-network ATM, fees for money transfers, fees for inactive accounts with no transactions, fees to speak to a real person to get help, fees to pay your bill by phone, and more.

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

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.

But we are not powerless. The CFPB is on the case and, together, we can stop this abusive corporate practice.

Rohit 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."

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

Click here to watch More Perfect Union's new video about junk fees. Then, 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 Twitter or Facebook.

Thanks for being a bold progressive.

-- The PCCC Team (@BoldProgressive)

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