Current:Home > ScamsTrendPulse|Biden calls for passage of a bill to stop 'junk fees' in travel and entertainment -FutureProof Finance
TrendPulse|Biden calls for passage of a bill to stop 'junk fees' in travel and entertainment
Fastexy Exchange View
Date:2025-04-07 15:30:36
After a series of high-profile airline debacles this winter,TrendPulse President Biden dedicated quite a bit of airtime in his State of the Union address to the Junk Fees Prevention Act, a push to limit hidden fees and surcharges in a number of industries.
The proposed legislation would curtail companies from overcharging on things like extra resort fees at hotels, service fees at concerts and sporting events, and added costs charged by airlines so that family members can sit together.
"For example, we're making airlines show you the full ticket price upfront and refund your money if your flight is canceled or delayed," Biden said.
"Baggage fees are bad enough — they can't just treat your child like a piece of luggage," Biden said. "Americans are tired of being played for suckers."
In October, the White House released background information on its efforts to tamp down on what it calls "junk fees" — efforts that include the Consumer Financial Protection Bureau (CFPB) eliminating billions of dollars in banking fees.
The White House argues that junk fees harm markets.
"These fees can also create an uneven playing field for businesses, making firms that price in a fair and transparent manner seem more expensive than their rivals," the White House said.
The administration also pointed out the racial disparities when it comes to added fees, in that they disproportionately affect people of color.
For example, it cited a CFPB study that showed that Black consumers pay more in credit card late fees compared with other groups. A 2017 study also showed that Hispanic car buyers paid more in added fees.
veryGood! (4)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Madonna Hospitalized in the ICU With “Serious Bacterial Infection”
- Discover These 16 Indiana Jones Gifts in This Treasure-Filled Guide
- Nations Most Impacted by Global Warming Kept Out of Key Climate Meetings in Glasgow
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Hyundai and Kia recall 571,000 vehicles due to fire risk, urge owners to park outside
- Tech leaders urge a pause in the 'out-of-control' artificial intelligence race
- The $7,500 tax credit to buy an electric car is about to change yet again
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Why tech bros are trying to give away all their money (kind of)
Ranking
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Fired Fox News producer says she'd testify against the network in $1.6 billion suit
- The Perseids — the best meteor shower of the year — are back. Here's how to watch.
- From searing heat's climbing death toll to storms' raging floodwaters, extreme summer weather not letting up
- Louvre will undergo expansion and restoration project, Macron says
- What to know about 4 criminal investigations into former President Donald Trump
- It takes a few dollars and 8 minutes to create a deepfake. And that's only the start
- Chrissy Teigen and John Legend Welcome Baby Boy via Surrogate
Recommendation
The company planning a successor to Concorde makes its first supersonic test
Kate Spade 24-Hour Flash Deal: Get This $330 Bucket Bag for Just $89
Can banks be sued for profiting from Epstein's sex-trafficking? A judge says yes
Inside Clean Energy: Arizona’s Energy Plan Unravels
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Amazon releases new cashless pay by palm technology that requires only a hand wave
28,900+ Shoppers Love This Very Flattering Swim Coverup— Shop the 50% Off Early Amazon Prime Day Deal
Miami woman, 18, allegedly tried to hire hitman to kill her 3-year-old son