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    Michael Hiltzik: The war on 'junk fees' is gaining ground, but the fight is not yet won

    by Michael Hiltzik, Los Angeles Times Dec 08, 2023 6 minutes
    Rohit Chopra, director of the Consumer Financial Protection Bureau, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., on June 13, 2023.

    "I talk to a lot of of banks," Rep. Dan Meuser, R-Pennsylvania, told Rohit Chopra, director of the Consumer Financial Protection Bureau, "and they're really not happy with your agency."

    He urged Chopra to "be responsive to the clientele you're supposed to be helping."

    With admirable restraint, Chopra replied: "Just to be clear, the clientele of the CFPB is not the banks. The clientele is the public."

    The exchange occurred at a hearing of the House Committee on Financial Services on June 14. Leaving aside that Wall Street banks and brokerages have been among Meuser's leading campaign donors, the congressman was not lying about the bankers' opinion about Chopra and his agency — in fact, he may have minimized their hostility.

    The U.S. Chamber of Commerce, speaking on behalf of the financial services industry, has called Chopra a "radical" pursuing an "ideologically driven agenda." Last year, the American Bankers Association and two other bankers' lobby groups published a against him, calling on Congress

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