BREAKING: At a White House event, President Biden announces new plans to crack down on junk fees across the economy — including bank overdraft fees, credit card late fees, cell phone termination fees, and airline ticketing fees.
Biden also announced new grants to small meat processors to spur competition in the industry.
Today, four massive meatpacking companies use monopoly control to jack up prices as they make record profits at consumers’ and ranchers’ expense.
Today, four massive meatpacking companies use monopoly control to jack up prices as they make record profits at consumers’ and ranchers’ expense.
Biden unveiled a proposed federal rule requiring airlines & travel sites to "disclose up front—the first time an airfare is displayed—any fees charged to sit with your child, for changing or canceling your flight, and for checked or carry-on baggage."
cnn.com/2022/09/26/pol…
cnn.com/2022/09/26/pol…
As we've reported, the CFPB has already begun cracking down on overdraft charges and similar fees in the past year.
That work could return up to $15 billion to Americans in 2022.
That work could return up to $15 billion to Americans in 2022.
Most recently, the CFPB signaled that it would move to end billions of dollars in credit card late fees.
U.S. banks and interest groups are mobilizing to stop the move. The leading U.S. bank lobby says it wants to raise late fees by 60%.
perfectunion.us/cfpb-credit-ca…
U.S. banks and interest groups are mobilizing to stop the move. The leading U.S. bank lobby says it wants to raise late fees by 60%.
perfectunion.us/cfpb-credit-ca…
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