The Biden-Harris Administration is introducing a new set of regulatory policies aimed at combating corporate “tricks and scams.” This effort — dubbed the Time Is Money initiative — seeks to enhance consumer protections by addressing “junk fees” imposed on customers and other unfair practices, such as difficulties in cancelling subscriptions and receiving refunds from airlines.
Yahoo Finance senior columnist Rick Newman breaks down the initiative, exploring its potential implications for Vice President Kamala Harris’s ongoing presidential campaign and her economic policy positions.
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