January, 04 2022, 03:32pm EDT
For Immediate Release
Contact:
Josh Chetwynd, Deputy Director, Media Relations, jchetwynd@
Looking Ahead: Environment America's 2022 Federal and State Priorities
Agenda includes 100% renewable energy goals, increasing protections for our wild spaces and prioritizing wildlife over waste.
WASHINGTON
After a 2021 full of environmental victories, Environment America, the national network of 29 state organizations, has a slate of priorities ready for the new year that will ensure more renewable energy, zero carbon climate solutions, conservation, clean water and zero waste progress at the federal and state levels.
"From a ninth state committing to 100% renewable energy to new meaningful national conservation and clean transportation policies, 2021 was a great year of change - but 2022 needs to be even better," said Environment America President Wendy Wendlandt. "Our national and state advocates know that the challenges facing our planet continue to mount and that, no matter the victories, we must press forward until our air and water is clean, our energy is renewable, our climate safe, and our wild lands and the animals who inhabit them are fully protected. We look forward to working toward those goals in the coming year."
Here is a roundup of some of the other top issues that Environment America and its 29 state organizations will be working on across the country in 2022:
Dan Jacobson, Senior Advisor for Environment California, rallying to save rooftop solar. Photo credit: staff.
Environment America will continue its longstanding campaign to get states, cities, corporations and academic institutions to commit to powering all their operations with 100% renewable energy. We will continue our work on solar, which means pressing for expanded general solar goals, encouraging rooftop installation and defending pro-solar policies. We will also remain focused on offshore wind efforts. In addition, national advocates will increase their work on energy storage by asking states to set energy goals.
In addition, Environment America will continue to advocate for cutting energy waste by making our appliances and buildings more efficient. To that end, we will work to accelerate the adoption of electric heating, cooling and cooking technologies in buildings and will defend communities' freedom to choose clean energy.
At the federal level, the Build Back Better Act provides substantial tax incentives for wind and solar energy, clean transportation and energy efficiency.
At the state level, Environment California will work to protect solar incentive programs - as well as push to increase the use of solar panels on public roofs - from schools to fire stations - and make access to solar easier through programs like the free SolarAPP+. In addition, the group will push for the implementation of a million solar batteries to match the group's previously successful campaign to build more than a million solar roofs.
Environment Georgia, Environment Massachusetts, Environment North Carolina, Environment New Jersey, Environment VIrginia and Wisconsin Environment will all be calling on their states to commit to 100% clean renewable energy. In addition, Environment Georgia will advocate for fair compensation for using solar generation, and work to get the state to join the Atlantic offshore wind task force in order to increase its participation in utilizing this renewable energy. Environment Massachusetts will work to get the state to require all large buildings to replace fossil fuel heating with clean alternatives that meet efficiency standards -- including in office buildings, apartment buildings, hospitals and university campuses.
In North Carolina, advocates will also call for policies that increase solar storage and amplify efficient and gas-free homes. In Virginia, we will push the commonwealth to not only emerge as a national offshore wind leader but also embrace clean building codes that make where we work and live all-electric.
New Jersey organizers will press the state to codify its goal for 7,500 megawatts of offshore wind off the Jersey Shore by 2035 through legislation; to expand community solar projects; to adopt policies to turbocharge green financing for commercial projects to finance clean energy improvements; and to oppose legislation to ban state electrification mandates in the building sector. Wisconsin Environment will seek opportunities for households and major energy users to adopt renewables and energy storage. The Wisconsin group will also look to advance solar and wind energy incentives at the state and local level and develop solar farms to generate renewable energy in a responsible way.
Along with calling for more incentives for solar energy and an emphasis on making buildings all-electric, Environment Illinois will advocate for improved appliance efficiency standards and a transition from a gas infrastructure to renewable energy sources. Environment Maine will engage the public and stakeholders in the process of creating Maine's Offshore Wind Roadmap (to be finalized and released December 2022). Environment Missouri will work for an increase in the state's renewable energy standard from just 15% in 2021 to at least 50% in 2035. Other policies in Missouri include: incentives for expanding community rooftop solar; a banning of new gas infrastructure; and the construction of the Grain Belt Express, an 800-mile transmission line delivering abundant wind energy from Kansas, across Missouri, in order to assist in the renewable energy standard goals.
Environment Washington will also be working toward clean, all-electric buildings and community solar. Environment Texas will work to protect renewable energy from discriminatory fees as state regulators redesign the electric market in the wake of the February blackouts. The group will also advocate to get Texas cities in the deregulated electric market to offer a public option for 100% renewable energy for their residents, and will support the development of offshore wind in the Gulf of Mexico (in particular, when the U.S. Department of the Interior begins offering leasing at the end of 2022).
Environment America staff fighting to protect the Arctic. Photo credit: staff.
Protecting our wild spaces and a cross-section of species is high on Environment America's agenda. This includes: Getting the federal government to finalize protections for the Tongass National Forest; continuing to move the tissue products market away from virgin wood toward such alternatives as recycled paper, bamboo and wheat straw (that includes particular focus on the likes of Costco and Procter & Gamble); ending oil leasing in the Arctic Refuge (as well as ending offshore drilling along the United States' contiguous 48 coast); permanently protecting land surrounding the Grand Canyon and Chaco Canyon; safeguarding Alaska's Bristol Bay from copper mining; and ending dangerous old-school lobster and fishing practices in New England Right whale ocean habitats.
The new year will also see new campaigns, including an effort to save mature trees in all natural forests as well as fresh efforts to expand ocean monuments and sanctuaries, where appropriate, off our coasts.
State partners will lean in on a number of nationwide priorities. For example, efforts to protect indispensable pollinators, in particular bees, will occur in such states as California, Illinois, Missouri, New Jersey, North Carolina, Oregon, Virginia and Wisconsin. Policies will vary by state, but banning bee-killing pesticides like neonicotinoids and chlorpyrifos for both agricultural and nonagricultural uses is a key in most places.
Erecting wildlife corridors that reconnect fragile species is also imperative. Environment California, Environment North Carolina, Environment Virginia and Environment Washington are among the groups that will be working on that issue.
There are also a number of state-specific priorities. For instance, Environment Maine will work to protect Frenchman Bay and Acadia National Park by stopping the development of a massive industrial salmon farm and pass legislation (LD 736) to expand and enhance Maine's ecological reserve system to protect additional ecosystems and wildlife habitat. Environment Georgia will advocate to preserve the Okefenokee National Wildlife Refuge from a proposed titanium mine close to the southeastern corner of the swamp.
In New Jersey, some specific plans include: ensuring constitutionally dedicated funds for open space increase; watchdogging state funding from the federal Land and Water Conservation Fund and the National Park Service to protect our natural lands and state and national parks; and pressing for the federal designation of the Delaware Water Gap National Recreational Area as the state's first national park. Environment Oregon will be working to reintroduce sea otters to the state after years of environmental degradation forced them out, and Environment Texas will press to get candidates for Texas governor to support the creation of one million additional acres of state parks.
Among its many conservation priorities, Environment Virginia will continue to call on protections for the Chesapeake Bay, while Environment Washington will press for the removal of dams along the Snake River as part of a statewide effort to promote salmon restoration and the elimination of pollution in the Salish region.
Environment America works to eliminate threats from fossil fuels and mining, industrial pollution, urban and agricultural runoff, and sewage systems. Photo credits: (from left) ILoveMountains.org/CC BY 2.0, Public Domain, Public Domain, Kate Boicourt / Integration and Application Network, University of Maryland Center for Environmental Science
With the Clean Water Act celebrating its 50th anniversary in 2022, Environment America will spearhead a massive education effort to build public awareness and support for this bedrock environmental law. Our successful Get the Lead Out campaign will continue to press forward. At the federal level, the Environmental Protection Agency will be updating the Lead & Copper Rule, and we will call on the agency to require replacement of lead service lines within 10 years (with narrow exceptions for cities like Chicago to demonstrate they cannot meet that deadline).
State partners will also work on this issue. For example, Environment Georgia will advocate for the state to use funds from the Infrastructure Investment and Jobs Act and other federal sources to immediately start addressing this threat by replacing lead service lines, especially near child care centers and schools. This can be done by replacing fountains with filtered water bottle stations, and installing filters certified to remove lead at all other taps used for cooking and drinking. Similar efforts will take place in Illinois, where Environment Illinois found in 2018 that 78% of suburban Cook County schools detected lead in their water. Additional locales where advocates will push for policies to get rid of lead in our water system - particularly in schools - include Missouri, North Carolina, New Jersey, Texas, Virginia and Washington.
Other clean water priorities include pressing state and local officials to use new federal infrastructure funding to adopt stronger local policies to make waterways safe for swimming - from Pittsburgh and Philadelphia to Austin, Texas. Enhancing factory farm pollution regulations will be on the agenda in Illinois and Wisconsin. Environment New Jersey is placing the implementation of a comprehensive clean-up plan for Barnegat Bay among its priorities and Environment Georgia will work to protect communities from the toxins in coal ash by ensuring that all coal ash is stored away from waterways in dry, lined and capped facilities.
Destination: Zero Carbon
With transportation continuing to be the number one source of greenhouse gas emissions in the U.S., reimagining our transportation system with a clean renewable roadmap remains high on Environment America's to-do list.
At the federal level, we will press for the next generation of clean car standards for model years 2027 and beyond to continue the trend toward stronger regulations in order to put us on the path to 100% EV sales by 2035 or sooner. Also, we will press for greater federal incentives for EV purchases and, as part of our Charge Across America campaign, we're supporting the Green Spaces, Green Vehicles Act to bring electric vehicle charging to national parks and forests.
In the states, Environment California will press for a commitment to build a network of a million electric vehicle charging stations statewide, and will support expanding such local programs as Clean Cars 4 All, which works to take the dirtiest cars off the roads, throughout California. Environment Georgia will advocate for tax credits for new EV owners and a removal of fees levied on EV owners. The group will also work to increase state support for mass transit and greater autonomy for counties to determine their own transit futures.
A number of our groups, including Environment Illinois, Environment Maine, Environment New Jersey, Environment Oregon, Environment Texas, Environment Virginia and Environment Washington will focus on increasing fleets of electric school buses. Improving EV charging infrastructure will be on the agenda for a number of these groups as well.
Beyond that, our Maine group will push for the Pine Tree State to adopt the Advanced Clean Truck rule as well as pass legislation (LD 1579) to establish targets and timetables for the state, counties and municipalities to transition to zero-emission light-, medium- and heavy-duty vehicle fleets. Environment Missouri will work to remove alternative fuel decal requirements for electric vehicles. In New Jersey, goals include fully funding consumer rebates at the point of EV purchase of up to $5,000; implementing NJ Transit electric bus pilot programs across the state (including in Camden and Newark); and instituting advanced clean truck regulations.
PennEnvironment will push for the Keystone State to join the Zero Emission Vehicle (ZEV) portion of the CA clean cars program. In Texas, Environment Texas will also work to get Austin and other cities to require new buildings be EV-ready. In addition, our Texas group will press to stop the expansion of I-35 through Austin. In Virginia, that will include advocating for the Transportation Climate Initiative (TCI), and, in Wisconsin, efforts will be made to increase the state's Transportation Alternatives Program (TAP) by $10 million per biennium.
Stamping out waste to protect not only people but also animals and our wild spaces is a longstanding goal for Environment America. Holding producers responsible for the cost of managing and cleaning up their wasteful packaging and products is a key part of that effort. Campaigns will occur in Colorado, Illinois, New Jersey, Oregon, Virginia and Washington, among other states.
We'll continue to both advance bans on single-use plastics and protect against preemptive statewide efforts to stop them. Action will take place on this issue in such states as California, Connecticut, Georgia, Illinois, Missouri, New Jersey, North Carolina, Oregon, Texas, Virginia, Washington and Wisconsin.
Advocates will also work to prevent chemical incineration and plastic-to-fuel conversion (wrongly called chemical or advanced "recycling"). This will happen at the state level, by opposing the permitting and building of these facilities - for example, stopping the construction of the Brightmark facility in Macon, Georgia. And, at the federal level, by urging the EPA to set rules to cover this currently unregulated and dangerous technology. We're also working with federal legislators to advance important bills, including banning the sale of polluting single-use plastics in national parks, and the strongest bill in U.S. history to reduce plastic waste, the Break Free from Plastic Pollution Act.
With Environment America, you protect the places that all of us love and promote core environmental values, such as clean air to breathe, clean water to drink, and clean energy to power our lives. We're a national network of 29 state environmental groups with members and supporters in every state. Together, we focus on timely, targeted action that wins tangible improvements in the quality of our environment and our lives.
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Amnesty Urges War Crimes Probe of 'Indiscriminate' Israeli Attacks on Lebanon
"The latest evidence of unlawful airstrikes during Israel's most recent offensive in Lebanon underscores the urgent need for all states, especially the United States, to suspend arms transfers," said one campaigner.
Dec 12, 2024
Amnesty International on Thursday called for a war crimes investigation into recent Israeli airstrikes in Lebanon that killed dozens of civilians, as well as a suspension of arms transfers to Israel as it attacks Gaza, the West Bank, and Syria.
In a briefing paper titled The Sky Rained Missiles, Amnesty "documented four illustrative cases in which unlawful Israeli strikes killed at least 49 civilians" in Lebanon in September and October amid an Israel Defense Forces (IDF) campaign of invasion and bombardment that Lebanese officials say has killed or wounded more than 20,000 people.
"Amnesty International found that Israeli forces unlawfully struck residential buildings in the village of al-Ain in northern Bekaa on September 29, the village of Aitou in northern Lebanon on October 14, and in Baalbeck city on October 21," the rights group said. "Israeli forces also unlawfully attacked the municipal headquarters in Nabatieh in southern Lebanon on October 16."
Erika Guevara Rosas, Amnesty's senior director for research, advocacy, policy, and campaigns, said in a statement that "these four attacks are emblematic of Israel's shocking disregard for civilian lives in Lebanon and their willingness to flout international law."
The September 29 attack "destroyed the house of the Syrian al-Shaar family, killing all nine members of the family who were sleeping inside," the report states.
"This is a civilian house, there is no military target in it whatsoever," village mukhtar, or leader, Youssef Jaafar told Amnesty. "It is full of kids. This family is well-known in town."
On October 16, Israel bombed the Nabatieh municipal complex, killing Mayor Ahmad Khalil and 10 other people.
"The airstrike took place without warning, just as the municipality's crisis unit was meeting to coordinate deliveries of aid, including food, water, and medicine, to residents and internally displaced people who had fled bombardment in other parts of southern Lebanon," Amnesty said, adding that there was no apparent military target in the immediate area.
In the deadliest single strike detailed in the Amnesty report, IDF bombardment believed to be targeting a suspected Hezbollah member killed 23 civilians forcibly displaced from southern Lebanon in Aitou on October 14.
"The youngest casualty was Aline, a 5-month-old baby who was flung from the house into a pickup truck nearby and was found by rescue workers the day after the strike," Amnesty said.
Survivor Jinane Hijazi told Amnesty: "I've lost everything; my entire family, my parents, my siblings, my daughter. I wish I had died that day too."
As the report notes:
A fragment of the munition found at the site of the attack was analyzed by an Amnesty International weapons expert and based upon its size, shape, and the scalloped edges of the heavy metal casing, identified as most likely a MK-80 series aerial bomb, which would mean it was at least a 500-pound bomb. The United States is the primary supplier of these types of munitions to Israel.
"The means and method of this attack on a house full of civilians likely would make this an indiscriminate attack and it also may have been disproportionate given the presence of a large number of civilians at the time of the strike," Amnesty stressed. "It should be investigated as a war crime."
The October 21 strike destroyed a building housing 13 members of the Othman family, killing two women and four children and wounding seven others.
"My son woke me up; he was thirsty and wanted to drink. I gave him water and he went back to sleep, hugging his brother," survivor Fatima Drai—who lost her two sons Hassan, 5, and Hussein, 3, in the attack—told Amnesty.
"When he hugged his brother, I smiled and thought, I'll tell his father how our son is when he comes back," she added. "I went to pray, and then everything around me exploded. A gas canister exploded, burning my feet, and within seconds, it consumed my kids' room."
Guevara Rosas said: "These attacks must be investigated as war crimes. The Lebanese government must urgently call for a special session at the U.N. Human Rights Council to establish an independent investigative mechanism into the alleged violations and crimes committed by all parties in this conflict. It must also grant the International Criminal Court jurisdiction over Rome Statute crimes committed on Lebanese territory."
"Israel has an appalling track record of carrying out unlawful airstrikes in Gaza and past wars in Lebanon taking a devastating toll on civilians."
Last month, the court issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Israeli Defense Minister Yoav Gallant for alleged war crimes and crimes against humanity in connection with Israel's 433-day Gaza onslaught, which has left more than 162,000 Palestinians dead, maimed, or missing in the embattled enclave.
The tribunal also issued a warrant for the arrest of Hamas leader Mohammed Diab Ibrahim Al-Masri for alleged crimes committed during and after the October 7, 2023 attack on Israel, in which more than 1,100 people were killed and over 240 others were kidnapped.
Meanwhile, the International Court of Justice is weighing a genocide case brought by South Africa against Israel. Last week, Amnesty published a report accusing Israel of genocide in Gaza.
The United States—which provides Israel with tens of billions of dollars in military aid and diplomatic cover—has also been accused of complicity in Israeli war crimes in Palestine and Lebanon.
"Israel has an appalling track record of carrying out unlawful airstrikes in Gaza and past wars in Lebanon taking a devastating toll on civilians," Guevara Rosas said. "The latest evidence of unlawful air strikes during Israel's most recent offensive in Lebanon underscores the urgent need for all states, especially the United States, to suspend arms transfers to Israel due to the risk they will be used to commit serious violations of international humanitarian law."
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Congressional Report Calls Trump Deportation Plan 'Catastrophic' for Economy
"All it will do is raise grocery prices, destroy jobs, and shrink the economy," JEC Chair Martin Heinrich said of the president-elect's plan to deport millions of immigrants.
Dec 12, 2024
Echoing recent warnings from economists, business leaders, news reporting, and immigrant rights groups, Democrats on the congressional Joint Economic Committee detailed Thursday how President-elect Donald Trump's planned mass deportations "would deliver a catastrophic blow to the U.S. economy."
"Though the U.S. immigration system remains broken, immigrants are crucial to growing the labor force and supporting economic output," states the new report from JEC Democrats. "Immigrants have helped expand the labor supply, pay nearly $580 billion a year in taxes, possess a spending power of $1.6 trillion a year, and just last year contributed close to $50 billion each in personal income and consumer spending."
There are an estimated 11.7 million undocumented immigrants in the United States, and Trump—who is set to be sworn in next month—has even suggested he would deport children who are American citizens with their parents who are not and attempt to end birthright citizenship.
Citing recent research by the American Immigration Council and the Peterson Institute for International Economics, the JEC report warns that depending on how many immigrants are forced out of the country, Trump's deportations could:
- Reduce real gross domestic product (GDP) by as much as 7.4% by 2028;
- Reduce the supply of workers for key industries, including by up to 225,000 workers in agriculture and 1.5 million workers in construction;
- Push prices up to 9.1% higher by 2028; and
- Cost 44,000 U.S.-born workers their jobs for every half a million immigrants who are removed from the labor force.
Highlighting how mass deportations would harm not only undocumented immigrants but also U.S. citizens, the report explains that construction worker losses would "make housing even harder to build, raising its cost," and "reduce the supply of farmworkers who keep Americans fed as well as the supply of home health aides at a time when more Americans are aging and requiring assistance."
In addition to reducing home care labor, Trump's deportation plan would specifically harm seniors by reducing money for key government benefits that only serve U.S. citizens. The report references estimates that it "would cut $23 billion in funds for Social Security and $6 billion from Medicare each year because these workers would no longer pay into these programs."
Sen. Martin Heinrich (D-N.M.), who chairs the JEC, said Thursday that "as a son of an immigrant, I know how hard immigrants work, how much they believe in this country, and how much they're willing to give back. They are the backbone of our economy and the driving force behind our nation's growth and prosperity."
"Trump's plan to deport millions of immigrants does absolutely nothing to address the core problems driving our broken immigration system," Heinrich stressed. "Instead, all it will do is raise grocery prices, destroy jobs, and shrink the economy. His immigration policy is reckless and would cause irreparable harm to our economy."
Along with laying out the economic toll of Trump's promised deportations, the JEC report makes the case that "providing a pathway to citizenship is good economics. Immigrants are helping meet labor demand while also demonstrating that more legal pathways to working in the United States are needed to meet this demand."
"Additionally, research shows that expanding legal immigration pathways can reduce irregular border crossings, leading to more secure and regulated borders," the publication says. "This approach is vital for managing increased migration to the United States, especially as more people flee their home countries due to the continued risk of violence, persecution, economic conditions, natural disasters, and climate change."
The JEC report followed a Senate Judiciary Committee hearing on Tuesday that explored how mass deportations would not only devastate the U.S. economy but also harm the armed forces and tear apart American families.
In a statement, Vanessa Cárdenas, executive director of the advocacy group America's Voice, thanked Senate Judiciary Committee Chair Dick Durbin (D-Ill.) "for calling this important discussion together and shining a spotlight on the potential damage."
Cárdenas pointed out that her group has spent months warning about how Trump's plan would "cripple communities and spike inflation," plus cause "tremendous human suffering as American citizens are ripped from their families, as parents are separated from their children, or as American citizens are deported by their own government."
"Trump and his allies have said it will be 'bloody,' that 'nobody is off the table,' and that 'you have to send them all back,'" she noted, arguing that the Republican plan will "set us back on both border control and public safety."
Cárdenas concluded that "America needs a serious immigration reform proposal—with pathways to legal status and controlled and orderly legal immigration—which recognize[s] immigrants are essential for America's future."
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New Rule From Agency Trump Wants Destroyed Would Save Consumers $5 Billion Per Year in Overdraft Fees
One advocate called the CFPB's new rule "a major milestone in its effort to level the playing field between regular people and big banks."
Dec 12, 2024
The Consumer Financial Protection Bureau, one of President-elect Donald Trump's top expected targets as he plans to dismantle parts of the federal government after taking office in January, announced on Thursday its latest action aimed at saving households across the U.S. hundreds of dollars in fees each year.
The agency issued a final rule to close a 55-year-old loophole that has allowed big banks to collect billions of dollars in overdraft fees from consumers each year,
The rule makes significant updates to federal regulations for financial institutions' overdraft fees, ordering banks with more than $10 billion in assets to choose between several options:
- Capping their overdraft fees at $5;
- Capping fees at an amount that covers costs and losses; or
- Disclosing the terms of overdraft loans as they do with other loans, giving consumers a choice regarding whether they open a line of overdraft credit and allowing them to comparison-shop.
The final rule is expected to save Americans $5 billion annually in overdraft fees, or about $225 per household that pays overdraft fees.
Adam Rust, director of financial services at the Consumer Federation of America, called the rule "a major milestone" in the CFPB's efforts "to level the playing field between regular people and big banks."
"No one should have to pick between paying a junk overdraft fee or buying groceries," said Rust. "This rule gives banks a choice: they can charge a reasonable fee that does not exploit their customers, or they can treat these loan products as an extension of credit and comply with existing lending laws."
The rule is set to go into effect next October, but the incoming Trump administration could put its implementation in jeopardy. Trump has named billionaire Tesla CEO Elon Musk to co-lead the Department of Government Efficiency, an advisory body he hopes to create. Musk has signaled that he wants to "delete" the CFPB, echoing a proposal within the right-wing policy agenda Project 2025, which was co-authored by many officials from the first Trump term.
"The CFPB is cracking down on these excessive junk fees and requiring big banks to come clean about the interest rate they're charging on overdraft loans."
"It is critical that incoming and returning members of Congress and President-elect Trump side with voters struggling in this economy and support the CFPB's overdraft rule," said Lauren Saunders, associate director at the National Consumer Law Center (NCLC). "This rule is an example of the CFPB's hard work for everyday Americans."
In recent decades, banks have used overdraft fees as profit drivers which increase consumer costs by billions of dollars every year while causing tens of millions to lose access to banking services and face negative credit reports that can harm their financial futures.
The Federal Reserve Board exempted banks from Truth in Lending Act protections in 1969, allowing them to charge overdraft fees without disclosing their terms to consumers.
"For far too long, the largest banks have exploited a legal loophole that has drained billions of dollars from Americans' deposit accounts," said CFPB Director Rohit Chopra. "The CFPB is cracking down on these excessive junk fees and requiring big banks to come clean about the interest rate they're charging on overdraft loans."
Government watchdog Accountable.US credited the CFPB with cracking down on overdraft fees despite aggressive campaigning against the action by Wall Street, which has claimed the fees have benefits for American families.
Accountable.US noted that Republican Reps. Patrick McHenry of North Carolina and Andy Barr of Kentucky have appeared to lift their criticisms of the rule straight from industry talking points, claiming that reforming overdraft fee rules would "limit consumer choice, stifle innovation, and ultimately raise the cost of banking for all consumers."
Similarly, in April Barr claimed at a hearing that "the vast majority of Americans" believe credit card late fees are legitimate after the Biden administration unveiled a rule capping the fees at $8.
"Americans pay billions in overdraft fees every year, but the CFPB's final rule is putting an end to the $35 surprise fee," said Liz Zelnick, director of the Economic Security and Corporate Power Program at Accountable.US. "Despite efforts to block the rule and protect petty profits by big bank CEOs and lobbyists, the Biden administration's initiative will protect our wallets from an exploitative profit-maximizing tactic."
The new overdraft fee rule follows a $95 million enforcement action against Navy Federal Credit Union for illegal surprise overdraft fees and similar actions against Wells Fargo, Regions Bank, and Atlantic Union.
Consumers have saved $6 billion annually through the CFPB's initiative to curb junk fees, which has led multiple banks to reduce or eliminate their fees.
"Big banks that charge high fees for overdrafts are not providing a courtesy to consumers—it's a form of predatory lending that exacerbates wealth disparities and racial inequalities," said Carla Sanchez-Adams, senior attorney at NCLC. "The CFPB's overdraft rule ensures that the most vulnerable consumers are protected from big banks trying to pad their profits with junk fees."
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