President Joe Biden speaks in the White House Rose Garden Wednesday on the Federal Trade Commission's proposed rule to eliminate so-called junk fees. Photo: Ting Shen/Bloomberg FTC Proposes Rule to Ban 'Junk Fees' in Effort to Protect Consumers From Hidden Costs
President Joe Biden calls the proposal his administration's "most comprehensive action ever to eliminate junk fees in industries and sectors across the board—across the entire economy."
October 11, 2023 at 04:33 PM
3 minute read
The Federal Trade Commission on Wednesday proposed a rule to prohibit businesses from imposing hidden charges, the so-called junk fees for consumer goods or services, that the agency says cause American buyers to pay billions of dollars in unexpected costs.
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