Republicans CAUGHT Plagiarizing Bank Lobbyists

A pair of Republican lawmakers on the House Financial Services Committee issued a statement last week criticizing a new Consumer Financial Protection Bureau proposal aimed at cracking down on predatory overdraft fees, claiming the rule would harm consumers.

But they didn't mention that parts of their criticism of the rule precisely mirrored the talking points of the Consumer Bankers Association (CBA), a lobbying group that represents financial institutions that rake in huge profits by hitting their customers with often unexpected overdraft charges. The group's membership list includes JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo as well as smaller banks from around the country.

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