President Biden went to war against hotel resort fees and other consumer fees this past fall. He directed federal agencies to find a way to clamp down on or ban them.
Now, however, the CFPB is prepared to limit credit card late fees to $8 but as for the rest of junk fees the President criticized, agencies will do nothing more than continue to “prioritize them” and he’s instead calling on Congress to act. That’s akin to doing nothing, but is also potentially better for the President politically.