Federal Trade Commission (FTC) Chair Lina Khan doubled down on the agency’s proposal to eliminate non-compete clauses from employment contracts and fight junk fees. The FTC in January released a proposal to prohibit non-complete clauses—a provision that prevents workers from leaving the firm to join a rival company within a specified period—that they say would…

Federal Trade Commission (FTC) Chair Lina Khan doubled down on the agency’s proposal to eliminate noncompete clauses from employment contracts and fight junk fees. The FTC in January released a proposal to prohibit noncompete clauses—which prevent workers from leaving a company to join a rival company within a specified period—in an effort to bolster wages,…

President Joe Biden said on Thursday that his campaign to protect consumers from hidden “junk fees” is bearing fruit, with more companies agreeing to provide greater transparency in pricing. Several companies in the ticketing, lodging, and other industries have pledged to eliminate hidden fees and provide customers with all-in, upfront pricing for their products and…

California officials are taking aim at eliminating junk fees—or hidden costs—on goods and services following a national push by the Biden administration. State Attorney General Rob Bonta joined with Democratic state Sens. Bill Dodd (D-Napa) and Nancy Skinner (D-Berkeley) by sponsoring SB 478. “Prices advertised should be the price you pay. Plain and simple,” Bonta…

Many of us consumer advocates were delighted to hear President Biden’s comment on junk fees “I’ve directed my administration to reduce or eliminate them.” The catch with the overall objective is that what people consider junk fees is not a homogenous set—and that no single approach will solve all junk fee problems. Some are outright…

Over the past decade, there has been less competition in the banking industry and this is harming consumers, says Rep. Andy Barr (R-Ky.), the Chairman of the House Financial Services Subcommittee on Financial Institutions and Monetary Policy. The subcommittee hosted a hearing on Feb. 8 titled “Revamping and Revitalizing Banking in the 21st Century.” It…

The Biden administration is taking steps to fight what the president calls “junk fees,” as American citizens struggle to make ends meet due to inflation. The move against “junk fees” will lower the cost of everyday living for American families and put more money into the hands of working-class and middle-income citizens as well as…