I filed a joint resolution of disapproval to restore the CFPB's existing rule against charging consumers a convenience fee to pay their bills a certain way. Adding these surprise pay-to-pay fees to bills are useless and unnecessary in general but especially in a time when American families are struggling with the growing affordability crisis. During my time here in the Senate, I have worked to lower costs and fought to make everything from housing to groceries more affordable for Maryland. I am also fighting these unfair fees because our residents have also had to contend with these unfair debt collection practices. Maryland consumers have now filed nearly 24,000 complaints against debt collection with the CFPB. The CFPB has stood on the side of consumers, creating an advisory opinion to clarify debt collectors' obligations under the Fair Debt Collection Practices Act and explicitly prohibiting debt collectors from charging pay-to-pay fees. Unfortunately, this administration has chosen the side of making things harder for American consumers by withdrawing this rule.
Editor's note · Context
Addressing the withdrawal of a CFPB rule against convenience fees during Senate debate.
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