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War on junk fees: Biden administration steps up crackdown

The Consumer Financial Protection Bureau unveiled a new rule on Tuesday targeting so-called ‘junk fees’. Among them is a cap on late fees that banks charge credit card customers at $8 per incident. It is just the latest attempt to curb companies’ attempts to add extra charges to items or transactions that customers might not have been expecting.

Roben Farzad, host of public radio’s “Full Disclosure,” joins Peter O’Dowd for more.

This article was originally published on WBUR.org.

Copyright 2024 NPR. To see more, visit https://www.npr.org.