Biden Administration Enacts Sweeping Consumer Protections
The Biden administration implemented significant consumer protections, including capping insulin costs at $35 monthly for Medicare users, limiting overdraft fees to $5, banning hidden fees in various sectors, and increasing transparency in online reviews and airline policies.
Biden Administration Enacts Sweeping Consumer Protections
The Biden administration implemented significant consumer protections, including capping insulin costs at $35 monthly for Medicare users, limiting overdraft fees to $5, banning hidden fees in various sectors, and increasing transparency in online reviews and airline policies.
Progress
44% Bias Score
FTC Bans Hidden Junk Fees in Hotel, Ticket, and Rental Pricing
The FTC implemented a rule requiring hotels, ticketing, and short-term rental companies to display total prices including all fees upfront, saving consumers an estimated \$11 billion over 10 years and 53 million hours annually, effective 120 days after announcement.
FTC Bans Hidden Junk Fees in Hotel, Ticket, and Rental Pricing
The FTC implemented a rule requiring hotels, ticketing, and short-term rental companies to display total prices including all fees upfront, saving consumers an estimated \$11 billion over 10 years and 53 million hours annually, effective 120 days after announcement.
Progress
44% Bias Score
CFPB Caps Overdraft Fees at $5, Saving Consumers Billions
The CFPB finalized a rule capping overdraft fees at $5, potentially saving consumers up to $5 billion annually, starting October 1, 2025, though legal challenges are possible.
CFPB Caps Overdraft Fees at $5, Saving Consumers Billions
The CFPB finalized a rule capping overdraft fees at $5, potentially saving consumers up to $5 billion annually, starting October 1, 2025, though legal challenges are possible.
Progress
44% Bias Score
New Overdraft Fee Rule Caps Charges at $5, Targets $5 Billion in Annual Savings
The Biden administration finalized a rule limiting overdraft fees banks can charge, aiming to save consumers roughly $5 billion annually; the rule, set to take effect in October 2025, applies to banks with over $10 billion in assets and is projected to save households $225 per year.
New Overdraft Fee Rule Caps Charges at $5, Targets $5 Billion in Annual Savings
The Biden administration finalized a rule limiting overdraft fees banks can charge, aiming to save consumers roughly $5 billion annually; the rule, set to take effect in October 2025, applies to banks with over $10 billion in assets and is projected to save households $225 per year.
Progress
40% Bias Score
CFPB Sues Walmart, Branch Over Alleged Exploitation of Gig Workers
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Walmart and Branch, alleging they forced over one million delivery drivers into using Branch bank accounts, resulting in more than \$10 million in fees since 2021. Walmart and Branch dispute the allegations.
CFPB Sues Walmart, Branch Over Alleged Exploitation of Gig Workers
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Walmart and Branch, alleging they forced over one million delivery drivers into using Branch bank accounts, resulting in more than \$10 million in fees since 2021. Walmart and Branch dispute the allegations.
Progress
40% Bias Score
CFPB Overdraft Rule Caps Fees, Reshapes Banking
The CFPB's new overdraft rule, effective October 1, 2025, will cap overdraft fees at $5 or require cost-based fees or loan treatment for banks over $10 billion in assets, potentially saving consumers $5 billion annually.
CFPB Overdraft Rule Caps Fees, Reshapes Banking
The CFPB's new overdraft rule, effective October 1, 2025, will cap overdraft fees at $5 or require cost-based fees or loan treatment for banks over $10 billion in assets, potentially saving consumers $5 billion annually.
Progress
40% Bias Score
CFPB Limits Bank Overdraft Fees to $5, Saving Consumers Billions
The CFPB finalized a rule limiting banks' overdraft fees to $5 or cost-covering amounts, aiming to save consumers $5 billion yearly, effective October 1, 2025, but facing industry opposition and potential legal challenges.
CFPB Limits Bank Overdraft Fees to $5, Saving Consumers Billions
The CFPB finalized a rule limiting banks' overdraft fees to $5 or cost-covering amounts, aiming to save consumers $5 billion yearly, effective October 1, 2025, but facing industry opposition and potential legal challenges.
Progress
48% Bias Score
Senate Panel Grills Airlines Over Billions in Fees
A U.S. Senate subcommittee criticized airlines for excessive fees on services like seat selection and baggage, totaling over $12 billion from 2018-2023, prompting calls for government intervention and raising concerns about consumer affordability and transparency.
Senate Panel Grills Airlines Over Billions in Fees
A U.S. Senate subcommittee criticized airlines for excessive fees on services like seat selection and baggage, totaling over $12 billion from 2018-2023, prompting calls for government intervention and raising concerns about consumer affordability and transparency.
Progress
60% Bias Score