Press Releases
Trump and Republicans Look To Increase Bank Overdraft Fees, Costing Americans Billions
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Trump’s CFPB Shutdown is a Gift to Big Banks, A Nightmare for the American People
Press Releases
Banking Could Get More Expensive Thanks to House Republicans
During a hearing today, the Republican-led House Financial Services Committee (HFSC) will consider raising costs on American families yet again by beginning the process to block the Consumer Financial Protection Bureau's (CFPB) overdraft late fee rule and open the door for $35 overdraft fees
Press Releases
Hearing Highlights: Sean Duffy Glosses Over Major Airline Lobbying Conflict
During today’s U.S. Senate Committee on Commerce, Science, and Transportation confirmation hearing for Sean Duffy, the President-elect’s choice to lead the U.S. Department of Transportation failed to resolve concerns around a major conflict of interest he could face after lobbying for the same airlines now suing the agency to overturn rulemaking
Press Releases
CFPB Cracks Down on Credit Card Scams
As part of its ongoing fight to lower costs for American families, the Consumer Financial Protection Bureau (CFPB) is cracking down on potentially illegal credit card reward scams, warning that some credit card companies may be taking advantage of customers by devaluing rewards while continuing to charge higher than average interest rates.
Press Releases
Final CFPB Rule Set to Save $5 Billion Annually, Despite Industry Opposition
As part of the Biden administration’s ongoing efforts to lower costs for American families, the Consumer Financial Protection Bureau (CFPB) today announced its final overdraft rule, capping overdraft fees charged by banks and credit unions to as low as $5. The final rule is expected to save $5 billion in annual overdraft fees, roughly $225
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Trump Appointed Judge Issues Costly Blow to American Consumers
Pittman's decision to block the CFPB’s credit card late fee rule could cost consumers billions per year
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Senate Hearing Highlights Need to End Visa-Mastercard Duopoly to Bring Competition, Lower Fees for Consumers and Small Business Owners
Today, the U.S. Senate Judiciary Committee hosts a hearing on why ending the Visa-Mastercard duopoly is badly needed to allow more competition and lower swipe fees that punish consumers and small business owners alike.
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Analysis: Amid DOT Rulemaking, Airline Industry Spent $26M to Keep Junk Fees Hidden
Today, the Biden-Harris administration revealed its final rule requiring airlines to be more transparent about pricing and to provide automatic cash refunds to customers with delayed or canceled flights. Alongside the announcement, new research from government watchdog Accountable.US revealed today that Airlines for America, a trade group, and six
