Biden cracks down on ‘junk fees’ in new economic focus ahead of midterms

President Joe Biden on Wednesday said his administration is cracking down on so-called junk fees, including announcing new steps that effectively ban banks from issuing surprise overdraft fees and depositor fees on bounced checks.

​President Joe Biden on Wednesday said his administration is cracking down on so-called junk fees, including announcing new steps that effectively ban banks from issuing surprise overdraft fees and depositor fees on bounced checks.