Credit card late fees capped at $8 under Biden crackdown on 'junk fees'
The Biden administration finalized a rule Tuesday that will close a loophole to slash fees charged by companies from an average of $32 to $8.
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I love all the little things his administration keeps doing, and they're good. I just wish he had some big initiative he could hang his hat on. Little things like this - while good - don't really get people excited and aren't the sea change(s) we need.
I know, a big part of that is congress.
But damn surely there's a lot more ballsy stuff that could have been done by now. Weed not being federally legalized yet is stupid, for one thing.
There are a lot of big things that would be celebrated if our media covered it differently and if Biden was as self-aggrandizing as Trump.
But the little things are really what make me want to vote for Biden again. This is competent governing. In my field, I've seen how the little things lead to big things. Like the approval of off shore wind farms that were stalled under Trump are now approved and constructed leading to the first utility scale offshore wind farm in the US. A huge accomplishment from one little approval.
Trump will probably campaign saying, “In 2024 I reduced junk fees,” and his people will believe him.
Like the approval of off shore wind farms that were stalled under Trump are now approved and constructed leading to the first utility scale offshore wind farm in the US.
And now I understand why my dad randomly decided to talk about "windmills killing whales." As if he ever gave a shit about them before right wing media told him to be mad about it...
The Inflation Reduction Act is one of the most significant pieces of legislation in a long time
You're right that it was a big deal.
What makes you say "of all time" though? That seems like an exaggeration but I'm interested in why I may be wrong.
It gets the US within spitting distance of the 2030 target of %50 of 2005 emissions.
Even if this is low hanging fruit, I love him doing stuff like this. I remember how infuriating it is to get some random charge on an account, call up the bank to report fraud, only to be told it's because a savings account needs X dollars in it or some nonsense charge like that.
Do you know how to eat a whale?
One bite at a time.
This is great and all, but yeah. This is "yay, the world is very slightly less crappy."
Would you rather nothing was done?
Seriously. These people are fucking babies.
