President Joe Biden is expected to unveil new efforts to crack down on junk fees during an event at the White House Wednesday, while announcing $2 billion in savings and $140 million in consumer refunds from previous crackdowns on junk fees from the Consumer Financial Protection Bureau.
According to an administration fact sheet shared with CNN ahead of Wednesday’s announcement, the Federal Trade Commission will unveil a proposed rule that the Biden administration says would ban businesses from charging hidden or misleading fees and require companies to show full prices upfront, preventing event ticketing companies, hotels and lodging companies, apartment and car rental agencies, and more from levying surprise or unexpected service charges.
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