Elizabeth Warren actually said...

The CFPB is helping root out junk fees, and because of that Americans are going to keep a little bit more money in their pockets.

OK. So it is not an end to late fees. The rule just lowers the maximum amount the credit card companies can charge...

The only reason that corporations and their enablers have singled out the CFPB is because the agency doesn't do their bidding.

Make no mistake, these overdraft reforms and the $5.5 billion in savings would not have happened without the CFPB.