“Junk fees” are predatory. They hurt consumers.
They hit the most vulnerable hardest. And they lead to spiraling debt.
SITUATION: Credit card companies, banks, ticket vendors and other entities are charging customers myriad hidden fees related to their purchases. In 2019 alone, banks and credit card companies charged Americans almost $30 billion in late fees and overdraft charges.
SITUATION: The Consumer Financial Protection Bureau (CFPB), headed by Rohit Chopra, is now accepting comments about the billions of dollars in junk fees that Americans pay on credit cards, bank accounts, and loans.
ACTION: Submit a public comment to CFPB if you have ever been charged unexpected fees by banks, credit card companies or other corporations. You can also help by leaving comments on Twitter or Facebook. See below for links to CFPB comments, Twitter and Facebook.
Your feedback will inform their use of rulemaking,
guidance, and enforcement tools to combat junk fees.
ACTION: Encourage friends and family to add their voices to this fight.