The Biden administration has instructed banks to refrain from imposing excessive charges for basic information and has proposed the upfront disclosure of mandatory fees by businesses. This move aims to protect consumers from hidden fees and ensure transparency in financial transactions. The Federal Trade Commission (FTC), Consumer Financial Protection Bureau (CFPB), and California have also joined forces to crack down on hidden fees. These measures intend to safeguard consumers' interests and promote fair practices in the banking industry.
The Biden admin threatens banks that don't want to shell out money to illegal immigrants https://t.co/EkAX0OZqjQ
NEW: Biden administration threatens banks that refuse to lend money to illegal immigrants https://t.co/6zQRnNDoel
NEW: Biden administration threatens banks that refuse to lend money to illegal immigrants https://t.co/6zQRnNDoel
FTC, CFPB, and California Crack Down on Hidden Fees https://t.co/H8M0H5ad1c
Biden is threatening banks that won't send money to illegal immigrants https://t.co/EkAX0OZqjQ
The Biden administration instructs banks not to impose excessive charges for basic information, proposes disclosure of mandatory fees up front by businesses https://t.co/1viroUIM9w https://t.co/2jVTF94q4J