And basically it's the same song they sang over. What would happen if the CFPB put some caps on overdraft fees? What would happen if the CFPB put caps on fees on credit cards? The credit card companies literally make billions of Dollars. Last year, they made $150 billion in profits off the credit cards that American families are holding. So we have some choices to make. Do the investors and the corporate executives keep that $150 billion, or does some chunk of that go back to hardworking families who are just trying to pay their mortgage, just trying to pay for groceries every month? (05:57–06:13)
CLAIM
Asserts that credit card companies made $150 billion in profits last year.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
