The War on So-Called “Junk Fees”: Who’s Fighting and What’s at Stake?

It’s easy to decry “junk fees,” and both the Federal Trade Commission (“FTC”) and the Consumer Financial Protection Bureau (“CFPB”) have done just that by launching multi-faceted regulatory initiatives to prohibit or regulate the use of such fees.  President Biden himself has spoken multiple times about the need to regulate fees and proposed the Junk Fee Prevention Act to regulate fees in certain contexts. But what do regulators really mean when they refer to “junk fees” a