Senate Turns to Credit Cards in Biden's "War on Junk Fees"

Nicholas Anthony

President Biden’s “war on junk fees” is only picking up steam. On May 9, the Senate Committee on Banking, Housing, and Urban Affairs held a hearing to focus on fees charged for financial services, and it unfortunately showcased many of the core problems with this “war.”

Senator Sherrod Brown (D‑OH) opened the hearing by claiming corporate greed was the reason for inflation and that financial services are plagued by junk fees that are “surprise, often last‐​minute...