'Nickel and diming Americans': GOP slammed for helping banks 'squeeze customers' with 'junk fees'

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Independent: Michael Rogers (Publisher)

'Nickel and diming Americans': GOP slammed for helping banks 'squeeze customers' with 'junk fees'

The Consumer Financial Protection Bureau (CFPB) — a federal government agency created in 2011 during former President Barack Obama's first term — recently created a cap on credit card late fees. But on Wednesday, April 17, the Republican-controlled House Financial Services Committee voted to advance a bill that, if passed, would keep those fees much higher than the CFPB would like.Rolling Stone's Nikki McCann Ramirez reports that the House bill …