Posted on 10/26/2022 9:30:42 AM PDT by ChicagoConservative27
President Biden on Wednesday announced that the administration will take on so-called junk fees as a way to help bring down costs for Americans during high inflation.
The Consumer Financial Protection Bureau is taking new steps to eliminate billions in banking fees, hidden charges and added fees on cable bills, airline tickets and hotel bookings.
“Today my administration is announcing new actions to lower the costs 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,” Biden said in remarks at the White House.
The president said these fees are “taking real money out of your pockets” and specifically pointed to surprise banking overdraft fees, hidden hotel booking fees and termination charges to st
(Excerpt) Read more at thehill.com ...
Alrighty, problem solved.
This is like cutting government spending by eliminating “waste fraud and abuse”, a perennial election time favorite that never makes any difference.
That should bring gas down to $2.00/ gal. /s
I thought one of the Courts just declared this agency unconstitutional?
Most of the junk fees I see added are tax related.
The Consumer Financial Protection Bureau
/\
I thought this was found by a court to be unconstitutional recently ?
Notice it’s
private business fees
and not federal fees they want gone.
So without these “junk fees”, businesses will provide the same service for less cost? I don’t think so.
Either they will just raise their regular prices back to match what they were charging with the “junk fees” included, or they will reduce services.
I thought one of the Courts just declared this agency unconstitutional?
/\
I read about it here, did a search and couldn’t find it.
Yep, it’s usually a way of telling the consumer “we don’t want to charge this much but the government forced us to”.
Now they’ll still charge it but they will not be able to tell the consumers why.
They rule on the fly.
The law is what they claim it is
at that MOMENT
and is fluid to fit their want.
They are bullies, thieves and criminals imho.
This could actually be a good thing, but I’ll believe it when I see it. Personally, I think the Dems are genetically incapable of lowering the price on anything.
Reprobate
Outlaws
Grooming
Unethical
Entities
Many of those 'fees' are in the terms of service.
Except for taxes charged by the gubment, or the fees wrapped into cellphone/internet bills, I don’t pay junk fees.
Babylon Bee????
In brief, the court ruled that the CFPB was unconstitutional because it was not funded by periodic congressional appropriations.
The CFPB is funded through the Federal Reserve System, but only to a certain level, beyond which it must request additional money through Congress. Most experts agree that this arrangement is constitutional under the Appropriations Clause because the CFPB must ask Congress for any money it receives out of the Treasury, and these experts point to several other federal agencies that operate under similar arrangements, including the FDIC. But these experts did not reckon with the Fifth Circuit’s wrecking ball.
Will that include taxes falsely labeled “fees”?
What about the Al Gore tax on your telephone service?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.