Biden Unveils New Efforts to Lower Prices and Hold Companies Accountable
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President Biden is announcing a "strike force" to hold companies accountable for price gouging
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The strike force aims to coordinate efforts to rein in anti-competitive and unfair practices and lower prices
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It builds on Biden's Competition Council established to promote competition and crack down on "junk fees"
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The Consumer Financial Protection Bureau is announcing a final rule to lower credit card late fees
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Officials argue the moves will save consumers billions, but face GOP criticism about the impact on access to credit