Politico reports, "The Chamber of Commerce is going after CFPB Director Rohit Chopra in a public campaign, accusing him of attempting to 'radically reshape' American finance."

Why are they so mad? Because after Americans, including thousands of PCCC members, submitted public comments this Spring to help the Consumer Financial Protection Bureau (CFPB) -- led by Elizabeth Warren ally Rohit Chopra -- slash predatory "junk fees," the CFPB just made their first moves to slash these fees and save consumers billions of dollars. And there's more to come.

The banks are furious that a government agency is actually protecting consumers instead of bank profits. But we can fight back. They want to attack Rohit Chopra for saving consumers billions of dollars? We'll file even more complaints against them -- and go after even more of the junk fees that pad corporate profits at the expense of consumers.

Submit a comment here if you have ever been charged big or unexpected fees by banks, credit card companies, hotels, concert promoters, airlines, or other corporations. We will forward your experiences with junk fees directly to the CFPB for immediate review.

Then, share this video the banks HATE on Twitter and on Facebook. It was made by our friends at More Perfect Union and features two of the hundreds of junk fee experiences PCCC members sent to the CFPB.

As a refresher -- 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.

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 submit a comment about big or unexpected fees you've been forced to pay by banks, credit card companies, and other corporations. We will forward your experiences with junk fees to the CFPB!

Thanks for being a bold progressive.

-- The PCCC Team (@BoldProgressive)

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