White House announces new efforts to crack down on ‘tens of billions' in junk fees

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White House announces new efforts to crack down on ‘tens of billions' in junk fees
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The White House, in partnership with the Federal Trade Commission and the Consumer Financial Protection Bureau, will reveal plans aimed at banning junk fees.

The Federal Trade Commission and the Consumer Financial Protection Bureau will announce steps toward banning junk fees in the business and banking sectors.

The rule"would not just return money to people's pockets but also restore a degree of justice to American families and restore fairness in our markets," Khan told reporters on Tuesday.

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