© 2024 Western New York Public Broadcasting Association

140 Lower Terrace
Buffalo, NY 14202

Mailing Address:
Horizons Plaza P.O. Box 1263
Buffalo, NY 14240-1263

Buffalo Toronto Public Media | Phone 716-845-7000
WBFO Newsroom | Phone: 716-845-7040
Your NPR Station
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations
Donate Today Banner

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.