CSPAN President July 4, 2024
[background noises] the president of the United States accompanied by director of Consumer Financial bureau. Gf ood afternoon. Whether it is a credit card bill, internet bill, grocery bill, or anything else in a monthly budget, President Biden at lowering costs and stopping profiteering. Today we are taking action to stop excessive fees in the tvbanking industry. We are closing a loophole abused by the credit card industry for years to harvest■z■yn junk fees. Reducing the typical late fee from 32 down to 8 s estimated 10 billion each year this is in addition to so many other action the pri...