President Joe Biden is gearing up to make a big announcement about protecting consumers from hidden junk fees. In his continued efforts to ban these pesky fees, Biden plans to require businesses to disclose all mandatory fees upfront. This means no more surprises for the American people when they go to purchase tickets or other goods and services. Finally, some transparency!
But Biden doesn’t stop there. He’s also taking aim at banks and large credit unions, prohibiting them from implementing excessive fees on basic information like account balances. It’s about time someone stood up to these financial institutions and put the interests of the American people first.
WATCH LIVE: Joe Biden to speak about protecting consumers from hidden junk fees
— Washington Examiner (@dcexaminer) October 11, 2023
Now, I know what you’re thinking. “This sounds great, but how is Biden going to pay for it?” Well, my friends, he’s got a plan for that too. In partnership with the Consumer Financial Protection Bureau, Biden is expected to announce $2 billion in savings. And if that’s not enough, an additional $140 million will be returned to consumers who were affected by previous illegal junk fees in the banking industry. That’s right, folks – Biden is not only protecting our wallets, he’s also making sure justice is served.
It’s refreshing to see a president who takes consumer protection seriously. Gone are the days of hidden fees and shady practices. Thanks to Joe Biden, we can all breathe a little easier knowing that our hard-earned money is being safeguarded from the clutches of greedy businesses and banks. Keep up the good work, Mr. President!