Similar Stories to End To Junk Fees: Biden Saves Americans Billions on Bing News

Consumer advocacy groups on Wednesday applauded new efforts announced by the Biden administration to rein in banks and other companies that make billions of dollars per year charging Americans what President Joe Biden called "outrageous" hidden fees when they make purchases or use basic financial services. Speaking in the Rose Garden at the White House, Biden said the Federal Trade Commission (FTC) has proposed a new rule that would ban businesses from charging "junk fees"—unexpected "service charges" and other fees that are revealed to a consumer just before an online purchase is finalized by ticketing companies, car rental agencies, and other businesses. Biden said companies charge the fees "simply because they can" and that banning them will give households across the nation more "breathing room." "These junk fees can add hundreds of dollars weighing down family budgets, making it harder to pay family bills," said the president.

BING NEWS:
  • Biden Administration Targets Hidden Online Fees
    The inconvenience of hidden costs when booking online may soon be a thing of the past, thanks to the Biden administration's latest move against what the President refers to as "junk fees." On Tuesday, ...
    12/18/2024 - 4:32 am | View Link
  • Biden’s FTC Bans Junk Fees—Just in Time for Trump to Take Credit
    The Federal Trade Commission has announced a game-changing ban on junk fees for things like hotels and concert tickets. But the rule doesn’t take effect until well into Donald Trump’s term.
    12/17/2024 - 2:21 am | View Link
  • Tired of overdraft fees? A new Biden administration rule would cap them.
    Bank overdraft fees, pricey penalties charged to customers who overdraw their accounts, face a cap under new rules released Thursday.
    12/16/2024 - 5:12 am | View Link
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