Biden Wants Federal Action To Ban ‘Junk Fees.’ That Might Not Be A Good Idea.

  • “Junk fees may not matter to the very wealthy, but they matter to most folks in homes like the one I grew up in. They add up to hundreds of dollars a month,” Biden commented in the address.
  • “They make it harder for you to pay the bills or afford that family trip. I know how unfair it feels when a company overcharges you and gets away with it. Not anymore.”
  • Several agencies have already examined the phenomenon and considered rules that would seek to reduce junk fees.
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