CD280: Corporate Junk Fees

Do you hate hidden hotel, housing, airline, ticketing, banking, and other corporate fees? Do you want Congress to do something about them? In this episode, learn about the wide range of unreasonable fees being reported to Congress during hearings and examine what proposals could have bipartisan support.

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View the show notes on our website at https://congressionaldish.com/cd280-corporate-junk-fees

Background Sources

Recommended Congressional Dish Episodes

CD267: The Monopoly Powers of Live Nation/Ticketmaster

FTC Authority

“Justices unanimously reject FTC’s authority to compel monetary relief.” Ronald Mann. Apr 23, 2021. SCOTUSblog.

“AMG CAPITAL MANAGEMENT, LLC, ET AL. v. FEDERAL TRADE COMMISSION.” Supreme Court of the United States. April 22, 2021.

Junk Fee Overview

“What Is Partitioned Pricing, the Subject of Recent Regulatory and Litigation Scrutiny?” Ashish A. Pradhan. May 19, 2023. The National Law Review.

“Drip Pricing.” Will Kenton. January 24, 2023. Investopedia.

“The President’s Initiative on Junk Fees and Related Pricing Practices.” Brian Deese et al. October 26, 2022. White House Briefing Room Blog.

“Federal Trade Commission Explores Rule Cracking Down on Junk Fees.” October 20, 2022. Federal Trade Commission.

“Petition for Rulemaking for the Federal Trade Commission to Ban Drip Pricing.” Brian Canfield et al. July 7, 2021. Institute for Policy Integrity, NYU School of Law.

Internet

“Broadband Consumer Labels.” *Federal Communications Commission

Healthcare

“FTC Action Against Benefytt Results in $100 Million in Refunds for Consumers Tricked into Sham Health Plans and Charged Exorbitant Junk Fees.” August 8, 2022. Federal Trade Commission.

Banking/Payments

“Letter from the Consumer Bankers Association to Sen. Raphael Warnock and Sen. Thom Tillis.” Lindsey D. Johnson. July 26, 2023. Consumer Bankers Association.

“CFPB Takes Action Against Bank of America for Illegally Charging Junk Fees, Withholding Credit Card Rewards, and Opening Fake Accounts.” July 11, 2023. Consumer Financial Protection Bureau Newsroom.

“Overdraft/NSF revenue down nearly 50% versus pre-pandemic levels.” Offices of Consumer Populations and Markets. May 23, 2023. Consumer Financial Protection Bureau.

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