Saturday, November 26, 2022
HomeMusicPresident Biden declares plans to sort out "junk" charges, together with live...

President Biden declares plans to sort out “junk” charges, together with live shows, airways, and extra


Nobody would have ever described the ticket-buying expertise as “enjoyable,” however nowadays it’s extra tiresome and annoying than ever because of the existence of hidden charges, transaction charges, digital charges, and extra. These “junk” charges have change into the intention of a brand new crackdown by President Biden.

These junk charges apply to extra than simply live shows, together with banks, airways, cable corporations and different industries, as properly.

Writes CNBC:

He cited processing charges for live performance tickets, “resort charges” at resorts, “extreme” bank card late charges, airline reserving charges and termination fees to maintain customers from switching cable or web plans as among the charges the administration is tackling.

On the White Home Press Convention, President Biden was joined by Client Monetary Safety Bureau (CFPB) Director Rohit Chopra and FTC Chair Lina Khan. CFPB already instituted new steerage directed at banks and shock overdraft charges, and the administration is “simply getting began.”



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