The Biden administration has proposed new rules that would slash credit card late fees. Those fees could be reduced to $8, saving American consumers as much as $9 billion a year.

President Biden will also urge Congress to ban hidden "junk fees" and penalties that creep into everyday retail services across industries including entertainment, utility, and travel. The Junk Fee Prevention Act would target excessive fees on things like online concerts, sporting events, airline tickets, hidden hotel fees, and termination fees for TV, phone, and internet services.

These efforts by the Biden administration to undo the burden of corporate-greed on consumers has been ongoing. The Biden administration previously announced efforts to reduce junk bank fees that largely target low-income folks and people of color. Those changes will reduce fees by more than $1 billion annually. The new proposed focus on “junk fees” will help millions of Americans find fast relief from   costly fees that pile up and obstruct any meaningful efforts to reach economic relief.  

Join us in supporting the Biden administration’s efforts to curb harmful consumer fees, and urge Congress to do their part to protect consumers by passing the Junk Fee Prevention Act.

Sign the petition: Support President Biden and Congress’ efforts to protect American consumers with the termination of “junk fees”.