Junk Fees Get Elevated to State of the Union

Biden calls on Congress to pass key consumer protection legislation

Andy Spears
1 min readFeb 9


Photo by Joshua Sukoff on Unsplash

Those watching the State of the Union address this week — or, those seeing some clips on news sites or social media — might have noticed that President Biden specifically called out “junk fees” in the address.

Yes, the most powerful office in America took a moment in an annual address to single out junk fees — like credit card late fees or overdraft fees or hotel fees.

He did it in front of Congress and the nation.


It’s wildly popular.

Overdraft fees suck — and banks often order transactions to maximize fees.

Credit card late fees are not really an incentive to pay on time — but they are a key profit source ($12 billion/year) for credit card issuers.

Here’s more on Biden’s efforts by way of the Consumer Financial Protection Bureau (CFPB):

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Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .