They are one of the banes of modern life: “junk fees”. And they are paid for a vast list of things from terminating cellphone contracts early, to checking baggage on an airplane and getting an overdraft on a bank account. What’s worse, is many of these fees are hard to find, or hidden until it’s time to pay, and they impact poor people the most.
But Joe Biden – in a little publicized initiative – is seeking to tackle these hidden costs and has made eliminating, or at least drastically reducing them, one of the key planks of his economic plans.
