Ending Junk Fees, the Most Annoying Thing in American Commerce
Ending Junk Fees, the Most Annoying Thing in American Commerce
www.thebignewsletter.com Ending Junk Fees, the Most Annoying Thing in American Commerce
Cheating is pervasive in American business, epitomized by the junk fee. Finally, FTC Chair Lina Khan and CFPB Director Rohit Chopra are pushing back with rules barring hidden fees.
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It’s all a bit of an arms race (to the bottom). If my competition is freely allowed to obscure the true cost, I’m at a disadvantage not to do the same. Government intervention is needed.