I love that this tweet is going viral.The Consumer Financial Protection Board, the brainchild of Elizabeth Warren, was conceived specifically to protect and rectify this situations. If youve had fees, file a complaint http://www.consumerfinance.gov/complaint/ ! (contd.) https://twitter.com/katmauvearts/status/1353716332362133510
And I'm gonna make a thread here, because I think its important. You're first instinct may be "Government, right? What can they do"! And I get it. Except it turns out, this Independent body actually can, and has done a TON.
Barack Obama created this, and originally planned to have Elizabeth Warren, the architect of it, serve as the head. Lol it was so powerful, and the job so powerful, the GOP absolutely flipped shit. Refused to confirm her. So she ran for Senator. True story https://www.nytimes.com/2019/09/21/us/politics/elizabeth-warren.html
Elizabeth Warren Lost Her Dream Job but Gained a Path to 2020 (Published 2019)

She had a plan to take on big banks. In the fight to get it done, she honed the approach to politics that defines her presidential campaign.

https://www.nytimes.com/2019/09/21/us/politics/elizabeth-warren.html
So in the Obama years, the CFPB fined banks hundreds of millions of dollars. Even recently, they fined a bank for a billion. All of those stories youve heard recently about banks being fined for overdraft fees, predatory loans, etc. Its this group https://www.marketwatch.com/story/mulvaneys-first-fine-at-cfpb-is-second-largest-in-history-of-agency-2018-04-20
Mulvaney’s first fine at CFPB is second-largest in history of agency

The $1 billion fine imposed by the Consumer Financial Protection Bureau, and first since Mick Mulvaney took over the agency, ranks as the second-highest in...

https://www.marketwatch.com/story/mulvaneys-first-fine-at-cfpb-is-second-largest-in-history-of-agency-2018-04-20
As one would expect, the Trump Administration neutered the CFPB and actually turned it into a tool against consumers. https://www.washingtonpost.com/opinions/2020/08/01/cfpb-once-defended-consumers-thanks-trump-it-now-helps-companies-prey-them-instead/
Opinion | The CFPB once defended consumers. Thanks to Trump, it now helps companies prey on them...

In the midst of all our crises, Kathy Kraninger’s inept management of the CFPB seemingly barely merits a moment of attention. But it should.

https://www.washingtonpost.com/opinions/2020/08/01/cfpb-once-defended-consumers-thanks-trump-it-now-helps-companies-prey-them-instead/
But alas! Rejoice! The CFPB is now back, and better than ever! Thanks to the Dems winning Georgia, Biden can install his cabinet of choice, and Bureau heads! Well remember how Elizabeth Warren created the CFPB, but the GOP Denied her from being in charge so she bossed up?
Well as a Senator, Warren still helped set it up. And make it awesome. Her second in command? The guy Biden just appointed to be in charge of it. So please, file ALL those complaints. https://www.politico.com/news/2021/01/17/biden-rohit-chopra-consumer-bureau-460086
Biden taps Warren ally Chopra to lead Consumer Bureau

The selection of Chopra signals the Biden administration plans to return the CFPB to the more-muscular posture of its early days.

https://www.politico.com/news/2021/01/17/biden-rohit-chopra-consumer-bureau-460086
The banks are legally obligated to have some one inquire and respond to both you AND the government, for every complaint. Seriously. They get your money back. https://www.consumerfinance.gov/about-us/blog/consumer-advisory-youve-got-options-when-it-comes-to-overdraft/
The banks are legally obligated to have some one inquire and respond to both you AND the government, for every complaint. Seriously. They get your money back. https://www.consumerfinance.gov/about-us/blog/consumer-advisory-youve-got-options-when-it-comes-to-overdraft/
The banks are legally obligated to have some one inquire and respond to both you AND the government, for every complaint. Seriously. They get your money back. https://www.consumerfinance.gov/about-us/blog/consumer-advisory-youve-got-options-when-it-comes-to-overdraft/
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