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Robert Reich

@RBReich

Berkeley professor, former Secretary of Labor. Co-founder, @InequalityMedia. Substack: https://t.co/U9YAAOMrTQ | Mastodon: https://t.co/WXFjvvEnbx

calendar_today26-05-2010 23:17:10

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Robert Reich
@RBReich

1 week ago

The GOP-controlled House Financial Services Committee voted to advance a bill that would repeal the Biden admin rule capping credit card late fees at $8.

Why? Follow the money.

Republicans on the committee have received ~$8 million from industry groups opposed to the rule.

The GOP-controlled House Financial Services Committee voted to advance a bill that would repeal the Biden admin rule capping credit card late fees at $8. Why? Follow the money. Republicans on the committee have received ~$8 million from industry groups opposed to the rule.
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