#NNPA BlackPress
Biden-Harris Administration Protects Consumers
NNPA NEWSWIRE — In a news release, the White House cited President Biden’s previous call to arms for federal agencies, Congress, and private enterprises to combat these fees and ensure full-price transparency, culminating in these latest initiatives.
The post Biden-Harris Administration Protects Consumers first appeared on BlackPressUSA.

By Stacy M. Brown
NNPA Newswire Senior National Correspondent
@StacyBrownMedia
In a bid to shield consumers from hidden and excessive charges, the Biden-Harris Administration, in collaboration with the Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB), is set to implement a series of robust measures targeting junk fees across various industries while also prohibiting fees for essential bank services. Junk fees, clandestine charges that businesses surreptitiously tack onto customer invoices, have long plagued American consumers, costing families billions annually and obstructing fair competition. In a news release, the White House cited President Biden’s previous call to arms for federal agencies, Congress, and private enterprises to combat these fees and ensure full-price transparency, culminating in these latest initiatives.
Administration officials said research indicates that fees levied after the point of purchase hinder consumers’ ability to comparison shop, resulting in payments that can exceed the base price by up to twenty percent. “Such fees also unfairly disadvantage honest businesses, impede innovation, and disproportionately impact small enterprises,” officials stated in the news release. The Federal Trade Commission proposed a groundbreaking rule that, if enacted, would outlaw the imposition of hidden and deceptive fees, obliging companies to divulge the complete cost upfront. The regulation would encompass various sectors, including event tickets, accommodations, rentals, and more. Non-compliance could incur substantial penalties and necessitate refunds to consumers.
Meanwhile, the Consumer Financial Protection Bureau announced it is taking a stand against major financial institutions, mandating that they furnish essential information to consumers without charge. The move would eliminate fees for vital services like checking account balances, loan payoff details, and application-related account information. Later this month, the CFPB plans to introduce a rule facilitating the secure and reliable transmission of banking transaction data among financial institutions. That measure aims to simplify the process of switching banks and managing accounts across multiple providers, thus encouraging competition based on service quality and upfront pricing.
The CFPB also revealed that its crackdown on junk fees has already delivered substantial savings to consumers. Bounced check fees have plummeted by over 86 percent since 2021, equating to nearly $2 billion in savings, officials said in the release. Additionally, two-thirds of major banks have entirely abolished these charges. Coupled with prior reductions in banking junk fees, that action translates to an average annual savings of $170 for the 33 million households affected. The CFPB also announces a triumph in securing an extra $140 million in consumer reimbursements from companies guilty of imposing illegal junk fees, such as surprise overdraft charges and multiple bounced check fees for a single transaction. The White House said these announcements follow the issuance of guidance to financial institutions last October regarding these illicit fees.
Simultaneously, the White House said it bolstered its comprehensive approach to competition, with the Office of Information and Regulatory Affairs unveiling new guidelines to fortify the integration of competition-centric elements into agency regulations. Developed in concert with key economic councils, officials said the directive will steer agencies in designing regulations that foster competition while upholding other vital policy objectives. Further, the Department of Transportation said it had successfully negotiated commitments from major airlines to enhance service quality, guaranteeing amenities such as meals, hotels, and family seating. Additionally, the Department of Housing and Urban Development has urged industry stakeholders and housing providers to adopt measures that promote fee transparency for renters.
The Federal Communications Commission has also mandated the implementation of “Broadband Nutrition Labels,” providing consumers with clear and concise information about the costs and fees associated with internet services. Various agencies, including the FTC, CFPB, and FCC, have proposed rules to curtail fees from credit cards to auto sales.
The post Biden-Harris Administration Protects Consumers first appeared on BlackPressUSA.
#NNPA BlackPress
Chavis and Bryant Lead Charge as Target Boycott Grows
BLACKPRESSUSA NEWSWIRE — Surrounded by civil rights leaders, economists, educators, and activists, Bryant declared the Black community’s power to hold corporations accountable for broken promises.

By Stacy M. Brown
BlackPressUSA.com Senior National Correspondent
Calling for continued economic action and community solidarity, Dr. Jamal H. Bryant launched the second phase of the national boycott against retail giant Target this week at New Birth Missionary Baptist Church in Atlanta. Surrounded by civil rights leaders, economists, educators, and activists, Bryant declared the Black community’s power to hold corporations accountable for broken promises. “They said they were going to invest in Black communities. They said it — not us,” Bryant told the packed sanctuary. “Now they want to break those promises quietly. That ends tonight.” The town hall marked the conclusion of Bryant’s 40-day “Target fast,” initiated on March 3 after Target pulled back its Diversity, Equity, and Inclusion (DEI) commitments. Among those was a public pledge to spend $2 billion with Black-owned businesses by 2025—a pledge Bryant said was made voluntarily in the wake of George Floyd’s murder in 2020.“No company would dare do to the Jewish or Asian communities what they’ve done to us,” Bryant said. “They think they can get away with it. But not this time.”
The evening featured voices from national movements, including civil rights icon and National Newspaper Publishers Association (NNPA) President & CEO Dr. Benjamin F. Chavis Jr., who reinforced the need for sustained consciousness and collective media engagement. The NNPA is the trade association of the 250 African American newspapers and media companies known as The Black Press of America. “On the front page of all of our papers this week will be the announcement that the boycott continues all over the United States,” said Chavis. “I would hope that everyone would subscribe to a Black newspaper, a Black-owned newspaper, subscribe to an economic development program — because the consciousness that we need has to be constantly fed.” Chavis warned against the bombardment of negativity and urged the community to stay engaged beyond single events. “You can come to an event and get that consciousness and then lose it tomorrow,” he said. “We’re bombarded with all of the disgust and hopelessness. But I believe that starting tonight, going forward, we should be more conscious about how we help one another.”
He added, “We can attain and gain a lot more ground even during this period if we turn to each other rather than turning on each other.” Other speakers included Tamika Mallory, Dr. David Johns, Dr. Rashad Richey, educator Dr. Karri Bryant, and U.S. Black Chambers President Ron Busby. Each speaker echoed Bryant’s demand that economic protests be paired with reinvestment in Black businesses and communities. “We are the moral consciousness of this country,” Bryant said. “When we move, the whole nation moves.” Sixteen-year-old William Moore Jr., the youngest attendee, captured the crowd with a challenge to reach younger generations through social media and direct engagement. “If we want to grow this movement, we have to push this narrative in a way that connects,” he said.
Dr. Johns stressed reclaiming cultural identity and resisting systems designed to keep communities uninformed and divided. “We don’t need validation from corporations. We need to teach our children who they are and support each other with love,” he said. Busby directed attendees to platforms like ByBlack.us, a digital directory of over 150,000 Black-owned businesses, encouraging them to shift their dollars from corporations like Target to Black enterprises. Bryant closed by urging the audience to register at targetfast.org, which will soon be renamed to reflect the expanding boycott movement. “They played on our sympathies in 2020. But now we know better,” Bryant said. “And now, we move.”
#NNPA BlackPress
The Department of Education is Collecting Delinquent Student Loan Debt
BLACKPRESSUSA NEWSWIRE — the Department of Education will withhold money from tax refunds and Social Security benefits, garnish federal employee wages, and withhold federal pensions from people who have defaulted on their student loan debt.

By April Ryan
Trump Targets Wages for Forgiven Student Debt
The Department of Education, which the Trump administration is working to abolish, will now serve as the collection agency for delinquent student loan debt for 5.3 million people who the administration says are delinquent and owe at least a year’s worth of student loan payments. “It is a liability to taxpayers,” says White House Press Secretary Karoline Leavitt at Tuesday’s White House Press briefing. She also emphasized the student loan federal government portfolio is “worth nearly $1.6 trillion.” The Trump administration says borrowers must repay their loans, and those in “default will face involuntary collections.” Next month, the Department of Education will withhold money from tax refunds and Social Security benefits, garnish federal employee wages, and withhold federal pensions from people who have defaulted on their student loan debt. Leavitt says “we can not “kick the can down the road” any longer.”
Much of this delinquent debt is said to have resulted from the grace period the Biden administration gave for student loan repayment. The grace period initially was set for 12 months but extended into three years, ending September 30, 2024. The Trump administration will begin collecting the delinquent payments starting May 5. Dr. Walter M. Kimbrough, president of Talladega College, told Black Press USA, “We can have that conversation about people paying their loans as long as we talk about the broader income inequality. Put everything on the table, put it on the table, and we can have a conversation.” Kimbrough asserts, “The big picture is that Black people have a fraction of wealth of white so you’re… already starting with a gap and then when you look at higher education, for example, no one talks about Black G.I.’s that didn’t get the G.I. Bill. A lot of people go to school and build wealth for their family…Black people have a fraction of wealth, so you already start with a wide gap.”
According to the Education Data Initiative, https://educationdata.org/average-time-to-repay-student-loans It takes the average borrower 20 years to pay their student loan debt. It also highlights how some professional graduates take over 45 years to repay student loans. A high-profile example of the timeline of student loan repayment is the former president and former First Lady Barack and Michelle Obama, who paid off their student loans by 2005 while in their 40s. On a related note, then-president Joe Biden spent much time haggling with progressives and Democratic leaders like Senators Elizabeth Warren and Chuck Schumer on Capitol Hill about whether and how student loan forgiveness would even happen.
#NNPA BlackPress
VIDEO: The Rev. Dr. Benjamin F. Chavis, Jr. at United Nations Permanent Forum on People of African Descent
https://youtu.be/Uy_BMKVtRVQ Excellencies: With all protocol noted and respected, I am speaking today on behalf of the Black Press of America and on behalf of the Press of People of African Descent throughout the world. I thank the Proctor Conference that helped to ensure our presence here at the Fourth Session of the […]

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