>

Yes.... technically 
The fees he's proposing eliminating are generally flat fees and aren't based on percent of income, so by extension,  yes, poor people feel them hardest.  
Poor people also feel rising grocery prices hardest. Maybe work on that before bothering with hotel "resort fees".
It also just piss you off even if you aren't poor.  As a consumer, as even congress are, how can you not support this bill?! >

Congresspeople that prefer corporations over people won't support this bill >

Self interest vs self interest.  That is quite a conundrum. >


The study from the progressive public interest group Accountable.US looked at the 20 banks in the United States that generate the largest share of their income from service charges. It found nearly 60% of their branches are located in counties where the poverty rate is higher than the national average, and 72% of their branches are in counties where the median income is lower than the national average.
The Consumer Financial Protection Bureau announced a broad review of “junk fees” ― such as fees for late payment, ATMs and overdrafts ― in January 2022. Biden picked up the baton last week, appearing alongside CFPB Director Rohit Chopra to announce a new rule sharply limiting credit card late fees. >

And this is why I love to open up bank accounts to take the sign up money bonuses, then close them 6-12 months later
I’ve hit up Wells Fargo three times. Last time was $300.
I got hit with one of those overdraft fees for $30 or so when I was a student and I’ve been taking all of it back and then some for the past three decades. >

This is the way >

That's because fees are an ~~tax~~ unjust expense on the poor.
As with any kind of service, financing in particular, the more money you have, the more likely you are going to be placed into a tier that waves the fees.
Lower credit means higher interest rates, if you're approved at all.  Payday lending, credit card advances, maintenance fees, etc.
I remember a low point when I had money problems and my gas was disconnected.  I already had a hard enough time paying it, but to get it started again I had to pay almost $100 on "reconnection fees." >


That's because fees are a tax on the poor.

A tax implies that the money taken will be spent for a public benefit. Nah, it's just straight-up legal racketeering. >

Thank you for that.  Taxes should be used to help a society as a whole and by using it the way I did framed it as a negative. >

It would be great if something could be done about this. Late fees and overdraft fees are so regressive. It's one of the best examples of how expensive it is to be poor. Oh, you don't have money? That's gonna cost you.... money. >

I used a big national bank until I recently started to actually pay attention to my finances. Have to keep like four hundred dollars in my savings else they charge me monthly.
Lady couldn't believe I was closing my account, and it's true that I've never gotten close to dropping below their threshold... but I'm not giving them money so that they can reinvest it to make more money and then charge me for the privilege. >

We switched from a major national bank to a smaller regional bank, and the difference in service is astounding. We have had very few issues in the last decade, and any we did have (which were our fault, not the banks) were quickly resolved with a ten minute phone call that usually ended with any fees being waived. 
The one time we needed a small loan, they worked with us and gave us a great deal based more on our loyalty than our credit score. I will never keep my primary accounts at a national bank again. >

Credit unions are also great for this >

Seconding this, plus you can feel better about how your money is being used while it's sitting there. A lot of cities have a firefighter credit union that anyone can join. >

Please tell me which fees in this pay-to-play land doesn't hit the poor the hardest? >

I booked a trip to Iceland recently and oh man, it was so nice booking hotels and cars and trip activities where the listing price is actually what you wind up paying. 
The US has gotten completely ridiculous with its fees and hidden fees and fees that only hit until after you pay. I rent cars for work frequently and there will be fees when I book the car, and then final invoice it will add other fees not noted in the total cost. Crazy. >

VAT is notoriously a huge issue in the UK thanks to Brexit.  
But imagine if places like Ticketmaster had to list the cost?  I think I bought two tickets at 49.50 and the total was over 130, that's a 30% markup.  By adding it late they try to psychologically get you into a sunk cost mindset..."well I got really excited about this....why not just pay the fee". >

There is a checkbox on Ticketmaster to include fees in the ticket price while searching. It's unchecked by default, but it stays checked between visits. >

The US quit being the land of the free, quite some time ago. Now is it the land of the fee. >

Hidden fees need to go. This is important,  what are you commenting on? >

Pay with cash. >

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