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In honor of Junk Fee Week, we rounded up some of the shocking facts and figures about junk fees that the financial industry would like to keep in the dark.

At their hearing on “Fees and Tactics Impacting Americans’ Wallets,” Senate Banking Democrats ensured credit card companies and predatory industries didn’t get the last word on one of their most abusive tactics – junk fees.

A lawsuit brought by the predatory payday loan industry is coming before the court’s conservative supermajority next term, seeking to gut the popular Consumer Financial Protection Bureau (CFPB) by striking down its funding structure as unconstitutional. 

During their hearing on “Protecting Social Security for All,”  Democrats on the Senate Committee on the Budget debunked the long-running Republican talking point that protecting our nation’s finances requires slashing earned benefits like Social Security. 

Since federal student loan payments were paused during the pandemic, many borrowers have become susceptible to a growing number of student loan scams, including those by predatory lenders and servicers employing alarming practices to fuel their greed.

With one decision, the Supreme Court could put the finances of millions of servicemembers and veterans at the mercy of lenders’ greed. If the Court overturns the constitutionality of the Consumer Financial Protection Bureau (CFPB), they are putting the financial well-being of people who served our country on the line.