As chair of the United States Senate Banking Subcommittee on Financial Institutions and Consumer Protection, Senator Reverend Warnock has long worked to lower everyday costs for Georgians and is a dedicated champion for Georgia consumers

Today, the Biden Administration announced new plans to curb junk fees for American consumers

Plan could potentially save consumers more than $10 billion over next decade

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Senator Reverend Warnock: “As someone who has been focused on lowering costs and holding our financial institutions accountable for padding their bottom lines off hardworking Georgians, this announcement from the Biden Administration is a massive win for consumers that will crack down on burdensome junk fees and save Georgians money. By forcing entities like big banks, hotels and live-event ticketing sites to be honest, we will put hard earned money back in Georgia consumers’ pockets and increase competition”

Washington, D.C. – Today, U.S. Senator Reverend Raphael Warnock (D-GA), chair of the United States Senate Banking Subcommittee on Financial Institutions and Consumer Protection, released the following statement after the Biden administration’s announcement of a new plan to curb junk fees for American consumers” 

“As someone who has been focused on lowering costs and holding our financial institutions accountable for padding their bottom lines off hardworking Georgians, this announcement from the Biden Administration is a massive win for consumers that will crack down on burdensome junk fees and save Georgians money. By forcing entities like big banks, hotels and live-event ticketing sites to be honest, we will put hard earned money back in Georgia consumers’ pockets and increase competition,” said Senator Reverend Warnock. “Curbing junk fees is a win-win for Georgians, and as the chair of the subcommittee focused on consumer protection in the Senate, I’ll keep working to ensure our federal government policies put people over profits.”

Senator Warnock has long worked to lower everyday costs on Georgians and is a dedicated champion for Georgia consumers, having been a leading voice in Washington pushing to hold big banks and major corporations to account for reckless and greedy behavior. In late July 2023, as the chair of the Financial Institutions and Consumer Protection subcommittee for the Banking and Housing Committee in the United States Senate, Senator Warnock held a hearing examining how junk fees and predatory practices hurt the wallets of everyday Americans.

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