TBA Law Blog


Posted by: Stacey Shrader Joslin on Oct 12, 2023

President Joe Biden recently detailed new efforts to eliminate so-called junk fees, including a proposed Federal Trade Commission (FTC) rule that would require businesses to disclose all charges for goods and services upfront. Biden said the new rule was “the most comprehensive action” his administration has taken on hidden or confusing charges. In remarks announcing the rule, the president also said the Consumer Financial Protection Bureau soon would propose a new rule to make it easier for consumers to switch banks. Bloomberg Law has more on the story.