"My colleagues and I on the Financial Services Committee reviewed the CFPB's strategy during a hearing in March of 2022. As a few of our expert witnesses pointed out, the term "junk fees' does not exist in the financial lexicon and is not a legally enforceable term. Creating a murky definition and a flashy soundbite does not make for good policy. Director Chopra has chosen to regulate by press release, unfounded white papers, and the threat of enforcement action instead of through rulemaking governed by the Administrative Procedures Act. He continues to invent problems with the ultimate objective of expanding his power."