Biden Administration Targets "Junk Fees" in Numerous Industries

On Tuesday, the White House held a panel discussion to make the economic case for President Biden’s junk fees initiative, which has been growing in prominence in the administration’s agenda. New National Economic Council director Lael Brainard, in opening remarks, explained how junk fees hurt more honest businesses that don’t bury excess charges in the fine print, and harm competition in the marketplace.

Brainard also noted that “junk fees hit the most vulnerable Americans the hardest.” Read more.