U.S. President Joe Biden has announced two actions that further advance his administration’s agenda of promoting competition in the American economy, highlighting steady progress in eliminating or limiting junk fees.
As part of an effort to bring down fees and increase transparency, President Biden is pushing anti-junk fee laws to provide peace of mind to consumers and make the economy more competitive.
The Department of Transportation (DOT) has introduced new rules requiring airlines and online booking services to display the full price of an airplane ticket, including baggage and other charges, in advance. Cancel.
The Biden administration is also working to ban airlines from charging fees for families to sit with infants.
Additionally, the president is working with authorities to eliminate resort and destination fees. They say it “harms consumers by preventing them from seeing the true price when choosing a hotel and limiting their ability to compare shopping.”
Data shows that more than 33% of hotel guests report paying surprise charges, totaling billions. President Biden is asking Congress to ban charges by requiring hotels to include them in their room rates.
The government is also cracking down on excessive fees for concerts, sporting events and other entertainment ticket prices. Government research shows that service fees average more than 20% of the ticket face value, and fees make up more than half of the cost.
The Consumer Financial Protection Bureau (CFPB) is proposing rules to reduce excessive credit card late fees, Biden said, while the Department of Commerce has assessed barriers to competition in the mobile app store ecosystem and issued recommendations. offers. to level the playing field.
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