Antitrust Chronicle® – Junk Fees

Dear Readers,

It is conventional wisdom that economies worldwide have become overrun with so-called “junk fees.” This term classically refers to unexpected charges (often hidden in the fine print) that a lender imposes at the closing of a mortgage. Increasingly, however, it has come to refer to fees in various other products and services, including credit card late fees, bank overdraft fees, excessive event fees, airline family ticketing fees, early termination fees for telecom or TV service