Biden’s remarks came during a speech at the White House briefing room Wednesday regarding efforts to protect American consumers.
His plan involves an expressed commitment to addressing hidden fees charged by banks, credit cards, etc., with promises to ‘work on rules’ and ‘making clear’ that the fees are illegal.
Though he provided little evidence of concrete steps to address the problem, Biden vowed the administration’s moves would be “saving Americans, collectively, billions of dollars in unfair fees.”
One portion of his speech caught the eye of viewers, however – The President’s bold actions against airlines for charging hidden fees for extra legroom on their airplanes.
The Biden administration is cracking down on "junk fees," such as overdraft charges, that are often shouldered by poorer Americans with less money in their checking accounts (via @quicktake) https://t.co/tq4DdbLPiS pic.twitter.com/UIKiDxPx5h
— Bloomberg (@business) October 27, 2022
