Surprise charges that companies sneak into bills because they can. Things like, as been mentioned, surprise banking overdraft fees, excessive credit card late fees, hidden hotel booking fees, or those huge termination charges to stop you from switching cable and Internet plans to a better deal. One of the key things I’ve asked the council to take on was the unfair hidden fees known as “junk fees” that are taking real money - real money out of your pockets - real money out of the pockets of American families. Chopra, as well as the Chair of the Federal Trade Commission, Lina Khan.Īnd we’re remembering - we’re - they’re members of the Competition Council that I created last year to promote competition across the economy and lower costs for families. Today, my administration is announcing new actions to lower the cost of everyday living for American families, to put more money in the pockets of middle-income and working-class Americans, to hold big corporations accountable.Īnd these steps will immediately start saving Americans, collectively, billions of dollars in unfair fees.Īnd I’m here with the Director of the Consumer Financial Protection Bureau, Mr. Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.
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