Trump Backs Divisive Credit Card Fees: A Path to Reviving American Greatness?

Senior leaders at the Consumer Financial Protection Bureau rejoiced over a federal court ruling that imposes hefty fines for tardy credit card payments. Surprisingly, they united with banking leaders, claiming this as a win for consumers. However, this decision may lead to over $10 billion in annual costs for consumers, especially impacting low-income families. Once a champion for consumer rights, the bureau has increasingly catered to corporate agendas under Trump’s tenure, sparking advocacy groups to rally for equitable practices.