Biden administration takes aim at junk fees with new proposed rule, guidance
The Biden administration took another shot at unpopular junk fees on Wednesday with a proposed rule that would require businesses
April 26, 2024The Biden administration took another shot at unpopular junk fees on Wednesday with a proposed rule that would require businesses
April 26, 2024The Biden administration is moving to cap credit card late fees at $8
March 05, 2024The Biden administration has proposed banning another type of bank “junk fee,” targeting fees that are typically charged by banks when a transaction is declined in real time
January 24, 2024The Biden administration has proposed increasing transparency around junk fees, which are hidden or misleading charges that increase the total cost of concert tickets, hotel rooms, and other goods and services
November 02, 2023President Biden claims that so-called “junk fees” are a major source of public dissatisfaction in the United States. Customers end up paying more than necessary since these fees are buried in the fine print of lengthy invoices. These predatory charges can add hundreds of dollars to a bill, straining family finances and making it harder to pay bills. The President emphasized that these fees, while seemingly little to the well-off, place a heavy burden on middle- and low-income households. New measures were announced by the President to reduce these nuisance charges. Biden claims that these changes will provide Americans some
October 16, 2023