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'Doomed': Republicans 'smoking themselves out' in upcoming vote to raise credit card fees

Posted on AllSides April 13th, 2024
From The Left

Senate Republicans are preparing to go on the record in favor of gouging Americans with sky-high "junk fees," just months before a major presidential election where the economy will play a deciding role. In a recent report in the American Prospect, reporter David Dayen delved into the GOP's response to a new rule from President Joe Biden's Consumer Financial Protection Bureau (CFPB) capping credit card junk fees at $8, helmed by Sen. Tim Scott (R-South Carolina). Scott — the Senate Banking Committee ranking member who is thought to be on...

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