Eden Villalovas is a breaking news reporter. Eden graduated from the University of Colorado, Boulder, in May 2022, where she served as the managing editor of the Bold. Originally from San Diego, California, Eden wrote for the Daily Camera and Denver Life Magazine before moving to Washington to work for the Center for Strategic and International Studies.Follow her on X: @eden_villalovas.
The efforts include requiring businesses, such as ticket sellers, to disclose mandatory fees upfront and prohibiting banks and large credit unions from implementing excessive fees on their consumers on basic information, such as account balances.
The Federal Trade Commission proposed the rule changes on Wednesday, writing,"Businesses would have to include all mandatory fees when telling consumers a price, making it easier for consumers to comparison shop for the lowest price."In partnership with the Consumer Financial Protection Bureau, Biden is expected to announce $2 billion in savings along with an additional $140 million that will be returned to consumers who were affected by previous illegal junk fees in banking.
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