WASHINGTON, D.C. – Liz Zelnick, Accountable.US’ Director of the Economic Security & Corporate Power Program, joined Texas Public Radio this week for a segment on the $65 billion in junk fees Americans are pummeled with every year, how the practice holds back the economy, and what the Biden administration is doing to stop it. *Listen to the full segment HERE, and highlights HERE and HERE.
We the consumers make up the economy, so if we are getting dinged with extra fees all over the place, that really adds up. Getting rid of junk fees would save Americans tens of billions of dollars per year. That’s money back in the pockets of families that could otherwise spend it on things they want or need, not money in the pocket of corporate CEOs. More money in our pockets means more money spent in the overall economy.”
Liz Zelnick, DIRECTOR OF THE ECONOMIC SECURITY & CORPORATE POWER PROGRAM AT ACCOUNTABLE.US.
Read More from Accountable.US on How the Biden Administration’s Crackdown on Junk Fees Will Help Lower Costs for Families – and Why the Financial Industry and Their Lackeys in Congress Are Standing in the Way:
- McHenry Approved: Credit Card Companies Charged Consumers Record $130B in Junk Fees & Interest Last Year
- Watchdog: Biden Junk Fee Crackdown to Save Consumers Billions to Chagrin of Acting Speaker McHenry’s Donors
- Here’s Why Chairman McHenry Is Desperate to Justify Junk Fees
- Consumers Already Saved Billions Under CFPB’s Junk Fee Crackdown: So Why Are Senate Banking Republicans Complaining?
- Report: Top 20 ‘Junk Fee’ Banks Heavily Target Lower-Income Communities
- Senate Banking Republicans Pen Love Letter to ‘Junk Fees’ After Taking Over $2.2M from Banks That Abuse Them
- Accountable.US Video on Why It’s Time to Rein in Banking Junk Fees
- What the Financial Industry Doesn’t Want You to Know About Their Abusive Junk Fees.
- Analysis: Financial Industry’s Rhetoric On Credit Card Junk Fees Distorts Costly Reality For Consumers