Brian Deese

Biden-Harris Administration Launches Initiative on Junk Fees and Related Pricing Practices

After President Joe Biden called on all agencies to reduce or eliminate hidden fees in September 2022, the Consumer Financial Protection Bureau (CFPB) took action to effectively eliminate billions in banking fees. Fees account for tens of billions of dollars in revenue – a substantial source of revenue in many industries, including transportation, banking, internet, and hospitality.  The CFPB's actions work in tandem with other initiatives