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Bookmark or Share- Hidden fees are on the rise and killing budgets everywhere - NPRHidden fees or "junk fees" are on the rise, as companies work to bring in more money while keeping prices looking low. U.S. consumers pay more than $65 billion in fees each year.
- The hidden cost of junk fees - Consumer Financial Protection BureauJunk fees drain tens of billions of dollars per year from Americans’ budgets, and when markets become dependent on these back-end fees, it makes it harder for families to realize the benefits of competition. Here are some examples of fees described in our request for information.
- 23 ways to avoid hidden fees and costs | Fidelity - Fidelity InvestmentsSmall costs like bank fees and treat-yourself splurges can add up over time—and cause serious budget leaks. You could curb your expenses by snagging freebies around town or through your employer. Shopping around and planning ahead are other simple ways to plug money leaks.
- F.T.C. Sues Largest U.S. Apartment Landlord Over Hidden FeesThe F.T.C. has been scrutinizing hidden fees more broadly, across industries. Last month, it issued a final rule against hidden fees, requiring upfront disclosures of total prices for hotels ...
- Statement from President Joe Biden on the FTC Banning Hidden Junk FeesWe all know the experience of encountering a hidden fee at the very last stage of check out—these junk fees sneak onto your bill and companies end up making you pay more because they can.
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