WASHINGTON, DC – In a recent speech, President Joe Biden emphasized the administration’s efforts to eliminate excessive charges commonly referred to as “junk fees.” Addressing an audience, Biden used a whispering tone to underscore his points about these fees, often hidden or unexpected, that affect consumers.
The President highlighted examples of such charges, including fees for checking account balances and additional costs for airline seat selection. He questioned the fairness of these practices, particularly noting the impact on families traveling during holidays.
The administration’s stance on these fees aligns with broader consumer protection initiatives. Biden’s remarks suggest a commitment to tackling financial practices that disproportionately burden consumers. The elimination of these fees is expected to offer some relief to individuals and families managing their finances.