With little over a month left in office, the Biden administration is focused on finalizing various regulations to fulfill its policy promises.
The rule prohibiting junk fees was formally approved by the FTC, reflecting the Biden camp's intent to enhance transparency in consumer transactions.
The National Highway Traffic Safety Administration's new regulation mandates automakers implement improved back-seat seat belt warnings by September 2027, showcasing a commitment to automotive safety.
Recent regulations, such as capping overdraft fees at large banks, indicate a trend of the Biden administration towards consumer protection and financial equity.
#biden-administration #regulatory-changes #consumer-protection #automotive-safety #financial-regulations
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