Biden Cracks Down on Hidden Fees, Saving Consumers $2B and Securing $140M in Refunds

Biden to announce new actions to crack down on junk fees, including $2B in savings and $140M in consumer refunds
FTC to propose rule banning businesses from charging hidden/misleading fees, requiring full price disclosure
Rule would impact event tickets, hotels, rentals, more - requiring upfront pricing
CFPB to prohibit banks from charging for basic services like checking balances or getting loan info
CFPB to require banks to let consumers securely send data to other companies, making switching easier