Press Releases

Financial Committee Republicans Put Big Bank Donors Before Consumers in Vote to Block Credit Card Late Fee Cap

Economic Security and Corporate Power
April 18, 2024

Late yesterday, Republican members of the House Financial Services Committee (HFSC) unanimously voted in favor of a Congressional Review Act resolution introduced by U.S. Rep. Andy Barr (R-KY-06) to block the Consumer Financial Protection Bureau’s (CFPB)’s hugely popular rule capping most credit card late fees at $8, down from a $32 average. Commit

Press Releases

5th Circuit Judge Willett Poised to Decide His Own Financial Conflicts Are Fine in U.S. Chamber Lawsuit Against CFPB Credit Card Rule

Economic Security and Corporate Power
April 17, 2024

Trump-appointed 5th Circuit Court of Appeals Judge Don Willett is poised to not recuse himself in the U.S. Chamber of Commerce’s lawsuit against the CFPB’s credit card late fee rule even though Willett’s most recent financial disclosure report lists up to tens of thousands of dollars’ worth of shares in Citigroup – a bank greatly impacted by the CF

Press Releases

Report: House Republicans Voting to Block Administration Credit Card Rule Took Nearly $8M From Pro-$41-Late Fee Industry Groups

Economic Security and Corporate Power
April 16, 2024

On Wednesday, the House Financial Services Committee (HFSC) is expected to vote on House Joint Resolution 122, a Congressional Review Act resolution introduced by U.S. Rep. Andy Barr (R-KY-06) to block the Consumer Financial Protection Bureau’s final credit card late fee rule capping most credit card late fees at $8, down from an average of $32. A

Press Releases

Analysis: U.S. Chamber Sued Federal Government in Conservative 5th Circuit Territory 63% of Time Since 2017

Economic Security and Corporate Power
April 15, 2024

A new analysis from government watchdog Accountable.US found that since January 2017, 63 percent of the U.S. Chamber of Commerce’s lawsuits challenging federal regulations were filed within district courts under the jurisdiction of the conservative U.S. Court of Appeals for the Fifth Circuit. The report comes as the U.S. Chamber has faced increased

back to top