The 5 ‘Junk Fees’ Joe Biden Should Ban—And Those He Shouldn’t

OBSERVATIONS FROM THE FINTECH SNARK TANK

The Federal Trade Commission announced a new proposed rule to prohibit junk fees, which it defined as “hidden and bogus fees that can harm consumers and undercut honest businesses.” The FTC has estimated that these fees can cost consumers tens of billions of dollars per year in unexpected costs.

Where should the government start in its efforts to ban junk fees? Here are 5 of the the worst offenders: