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Biden White House: Year 4


tgo

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https://www.cnn.com/2019/10/07/middleeast/trump-kurdish-syria-turkey-intl/index.html

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https://www.theguardian.com/us-news/2018/dec/21/james-mattis-resignation-trump-erdogan-phone-call

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https://www.usatoday.com/story/news/politics/2023/10/11/biden-ban-junk-fees-sweeping-rule/71135120007/
 

The Biden administration is proposing a new rule to prohibit companies across the private sector from hiding fees from consumers, the president's most sweeping action yet on "junk fees."

 

The Federal Trade Commission's rule would require all industries under its jurisdiction to show the full price upfront to consumers, including for concert and sports tickets, hotel rooms, and apartment and car rentals. Violators would be subject to financial penalties and be required to compensate customers.

 

President Joe Biden, in remarks Wednesday from the White House Rose Garden, called the proposal his administration's "most comprehensive action ever" to eliminate junk fees.

 

"If these rules are finalized, they won't just be voluntary, they'll be made mandatory. It will do more than embarrass companies, it will make it mandatory," Biden said.

 

The move comes as Biden has made tackling junk fees a top priority to help consumers. Americans collectively pay "tens of billions of dollars" in junk fees each year, according to the FTC. Lina Khan, chair of the FTC, likened the fees to "an invisible tax that quietly inflates prices across the economy."

 

Taking aim at the financial industry, the Biden administration is also warning large banks and credit unions that they can’t charge fees for basic services. Examples include routine checking of bank account balances or asking the amount needed to pay off a loan.

 

"Folks are tired of being taken advantage of and being played for suckers," Biden said.

Edited by Starkiller
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58 minutes ago, IsntLifeFunny said:

And I'm sure the Right will find someway to bitch about the government protecting consumers. 

Great. So we can withdraw money without a 2 dollar charge from the atm. That will make a big difference with monthly expenses under this administration.

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1 minute ago, El Guapo said:

Great. So we can withdraw money without a 2 dollar charge from the atm. That will make a big difference with monthly expenses under this administration.


just curious, with your background, where are you on price caps for insulin?

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27 minutes ago, El Guapo said:

Great. So we can withdraw money without a 2 dollar charge from the atm. That will make a big difference with monthly expenses under this administration.

So you are against saving Americans hundreds of millions of dollars in hidden fees then???

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33 minutes ago, Starkiller said:

So you are against saving Americans hundreds of millions of dollars in hidden fees then???

Of course he is. Because it is an issue that a Democrat raised. 

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30 minutes ago, IsntLifeFunny said:

The FTC said billions. 

Realistically companies will just eliminate a lot of the hidden fees and increase the normal fees so it won’t all be real savings. Regardless, making the true cost visible will help and still save consumers some of that money. 

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1 minute ago, Starkiller said:

Realistically companies will just eliminate a lot of the hidden fees and increase the normal fees so it won’t all be real savings. Regardless, making the true cost visible will help and still save consumers some of that money. 

For sure. I only mentioned it because I had to go back and re-read thinking maybe it was Biden who said that. It wasn't. It was the FTC. 

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