President Biden pronounces 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 today it’s extra tiresome and annoying than ever due to the existence of hidden charges, transaction charges, digital charges, and extra. These “junk” charges have develop into the purpose 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 nicely.
Writes CNBC:
He cited processing charges for live performance tickets, “resort charges” at accommodations, “extreme” bank card late charges, airline reserving charges and termination fees to maintain shoppers 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 Shopper 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.”
I do know hidden junk charges – like processing charges on live performance tickets – are a ache.
They’re unfair, misleading, and add up.
That’s why, final week, I referred to as on my Administration to crack down on these charges and put that cash again in your pocket.
— President Biden (@POTUS) November 3, 2022