So each year credit card companies squeeze billions of dollars in fees out of American consumers, and chief among these are the late fees that you were just discussing, the 20 bucks or 30 bucks or 40 bucks that credit card issuers charge customers whenever they are late on a payment.
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Warren highlights the financial burden of late fees on consumers.
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For all of you who have been talking closely to a lot of folks who follow you, this is the time to tell them just a little bit in advance about what’s about to happen, while you and they still have a chance to affect the outcome
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When consumers’ finances are already stretched thin, exorbitant overdraft fees can cause other payments to bounce — leading to even more fees in a vicious circle that can ‘turn setbacks into crises,’





