Republicans actually voted FOR increasing credit card fees. GOP Chairman of the House Financial Services Committee, Rep. Andy Barr, even tried to convince the public that Americans actually like higher credit card fees.
The Biden administration recently instituted a rule to place a limit on how much banks can charge consumers in credit card fees. That will make sure more money stays in the pockets of working Americans and out of the pockets of bank executives. But the GOP is trying to undo Biden’s fee cap.
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